INEOS caused a lot of controversy
At the Theater of Dreams Old Trafford, a vivid and contrasting picture has just been created, when the Board of DirectorsINrecently confirmed the successful contract extension of captain Bruno Fernandes, and is expected to increase the midfielder’s salary by almost half, making him one of the highest paid players in the team. .
But in another move, INEOS – the unit that operates Man United, continued to make a controversial decision, proposing to cut 50% of support costs for the club’s disabled fans association, with the number the money is estimated to be up to £40,000 per year.
According to preliminary calculations, this amount of money is probably just a strange number compared to the weekly salary of superstars like Rashford or Bruno, and therefore, it continues to deepen the negativity and harshness within the community. the relationship between Sir Jim Ratcliffe and his associates and the leadership. Red Devils Fans Association.
Are the costs questionable?
First, in the summer of 2024, MU’s new team spent more than 200 million pounds to buy a series of rookies such as Yoro, De Ligt, Urgate, Zirkzee, Mazraoui, but then fired hundreds of employees, at the same time. personnel reduction. only subsidized 2 million pounds for legendary Sir Alex Ferguson.
Manchester United is one of the football clubs rich in tradition and has a large fan base in the world.
However, in recent years, the club has implemented many controversial financial policies, especially spending heavily in the transfer market while cutting other expenses such as Sir Alex Ferguson’s salary, dismissal and Reduced support for fans with disabilities.
These are moves that go against the interests and voices of fans.
In this video, we will analyze in detail the causes and consequences of these decisions.
Manchester United remains one of the highest-grossing clubs in the world thanks to its large fan base, lucrative sponsorship deals and revenue from ticket sales.
MU’s wrong decisions
Calculating the player salary fund alone, Man United had to spend more than 600 million pounds in the last 2023-2024 season.
The cases of Jadon Sancho, Raphael Varane, Antony Martial or even Marcus Rashford all cost the team tens of millions of pounds each season but did not meet professional expectations as expected, for many different reasons from injury, performance or training attitude.
Even having to pay transfer fees and high salaries makes it difficult for them to liquidate transfer bombs, typically the case of Antony.
According to expert assessments, MU will spend up to 150 million pounds per year to pay salaries for “golden” players, who do not contribute much to the club but cannot be liquidated.
After the Glazer family took over the club in 2005, Man Utd was saddled with a large debt, with the purchase mainly financed by debt.
After Sir Alex Ferguson retired in 2013, Man Utd went through many seasons without achieving expected results.
Fans and the media still expect Man Utd to maintain the top spot.
According to information from Athletic, Man Utd’s board of directors announced that they will not sign a contract with Sir Alex Ferguson after the 2024/2025 season ends.
INEOS, co-owner of Man United, has taken many measures to reduce costs, including laying off at least 250 employees and cutting many benefits for those who remain.
Read part 2…
