News from Reuters agency: Manchester United football club has announced the reduction of between 150 and 200 jobs as part of a restructuring program aimed at improving the club's financial sustainability. It was noted that over the past five years the club has incurred losses.
"We have lost money over the last five years in a row," stated the club's managing director. The restructuring plan follows the cancellation of 250 jobs last year. Since the acquisition by a British billionaire, 25% of the club's shares and transfer of management to him of football operations, the club has made significant cuts to reduce expenses in an effort to improve its competitive position.
"This cannot continue," emphasized the club representative.
