Glazer family’s thoughts on INEOS revealed following Manchester United job reductions

The Glazer family’s thoughts on Sir Jim Ratcliffe and INEOS have been revealed following an announcement surrounding job reductions at Manchester United.

At the turn of 2024, Sir Jim Ratcliffe‘s £1.3 billion acquisition of 27.7 per cent of Manchester United was ratified and confirmed. Since then, his company, INEOS, have overseen a whole host of changes, with almost full control of day-to-day matters at Old Trafford.

While former CEO Richard Arnold and former football director John Murtough have both departed the club, new faces have arrived. Jason Wilcox, from Southampton, is the club’s new technical director, while Omar Berrada will start as the new CEO on 13th July.

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Recently, Dan Ashworth was appointed as United’s new sporting director, while Christopher Vivell, Chelsea’s former technical director, is set to join Old Trafford as director of recruitment for the next two transfer windows.

The Daily Mail‘s big news on Wednesday afternoon revealed that the club is set to make almost a quarter of its current workforce redundant. At a series of meetings early today, club staff were informed that up to 250 of its 1,100 employees would be losing their jobs.

Further, the report explained that two key factors behind the decision were INEOS’ arrival at the club and the priority placed on the performance of the first team at United. The figure expected to be saved by the forthcoming cost-cutting is thought to run into the tens of millions.

This money will then be instead invested in Erik ten Hag’s playing squad. Compliance with the Premier League’s controversial Profit and Sustainability (PSR) rules is also said to have played a part.

INEOS have made more wide-scale changes at United in their opening six months at Old Trafford than the Glazer family made during the last decade, and while they still own the majority of shares, they have seemingly just stood back and watched.

While some may think that the Glazers may eventually step in and halt some of the current changes, a fresh report from The Athletic has shed light on how the American family feels about INEOS’ actions so far.

According to The Athletic, the Glazer family have essentially outsourced control of the club’s business and football operations to INEOS. They have not opposed the sweeping changes that have been made to the way the family previously ran the club, suggesting that they are perfectly happy with the initial outcomes of their partial sale of the club.

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