British tycoon Ratcliffe will carry out a major overhaul of Manchester United after acquiring a 25% stake in the club for 1.3 billion pounds (about HK$13 billion). According to the British newspaper The Guardian, the first step of the "chemical king" is to streamline the club's manpower, with the intention of laying off 300 staff members, so as to free up the funds for the acquisition of players.
Ratcliffe has long been dissatisfied with Manchester United's financial expenditures in the past 10 years, it is reported that he will send an audit team to review the Red Devils plate next month, and will greatly streamline the club structure and manpower, not counting the players and coaches, the Red Devils now have 1,000 employees, Ratcliffe plans to lay off 300 people.
Although Ratcliffe after joining the United, promised to invest 237 million pounds (about 2.37 billion Hong Kong dollars), but this sum of money will only be used to improve the training equipment, venues and other infrastructure, and does not include the transfer budget, it is more effective use of funds to increase the number of troops, as well as in line with the fair financial regulations, so it is necessary to look for the existing staff to open the knife, not a lot of managerial staff in the middle of the management of the staff on tenterhooks.
