Manchester United Staff Lose Their Jobs After Europa League Final Loss

Manchester United staff are set to face the backlash of the UEFA Europa League final loss as well, and there are about to be 200 more removals in the second round of redundancies under Sir Jim Ratcliffe.

The sports science, medical, and scouting departments are the areas that are going to be affected. This is due to Manchester United's pathetic showing in the Premier League, where they are in 16th place, their lowest ever finish in history, and to make things worse, they lost the Europa League final to Tottenham Hotspurs. Morale around the club is quite low, and now it has become even more grim since some of the staff have already received the news that they have to vacate their jobs. Man United already had a wave of cuts earlier this year, which saved them about £8 million.

How does the Europa League final loss affect Man United's finances?

The disappointing 1-0 defeat to Tottenham Hotspurs in the UEFA Europa League final means that Manchester United will not play European football for the second time since 1990, and this will cause a £100 million loss for them. Man United have already implemented cost-cutting measures, which include not only removing staff members but also closing the canteen and replacing it with free fruit. Various club ambassadors have been brought back which including Sir Alex Ferguson.

The latest financial cutbacks have to be implemented not only because of the Europa League final loss but also because Man United have lost over £370 million over the last five years. The 2024 accounts of the club itself reveal that they owe £330 million in outstanding transfer payments to other clubs.

Further, Manchester United's Europa League final loss to Tottenham Hotspur has resulted in a seven % drop in shares, which roughly translates to around £ 160 million according to the Financial Times.

It goes from bad to worse for United, as the consequences of the 1-0 loss to Spurs in Bilbao have not only signified their poor performances and inability to compete amongst the top teams but also the immediate disappointment and instant impact which are affecting the club's revenue streams, share value, and future planning.