Manchester United’s new CEO, Omar Berrada, has displayed his agreement with INEOS’ first major change at Old Trafford.
To keep in tandem with streamlining costs at the club, they have decided that they want to reduce the wages of the players at United, and have already taken action by refusing to extend the contract of Raphaël Varane.
Although Varane is still free to stay on a reduced wage, the significant move so early on in their tenure suggests that contract salaries are a big part of INEOS’ plan to help rebuild the club, and this is something that Omar Berrada agrees with.
In a recording where Berrada is speaking with Txiki Begiristain, director of football at Manchester City, he explains how important it is to make sure there is a fine balance between money spent on wages and overall revenue, where the club must control how much they decide to pay players – even when the club are winning.
“In the end, what we need to look at is how much this represents versus the revenues,” he explains Begiristain.
“We’ve always maintained ourselves at around 60-61 per cent, which in the end is that the industry requires in order to be a sustainable club – 55-65 per cent, and we’ve kept ourselves between these levels.
“We know that, when you win, you have pressure from players and agents, where they are asking for more salary, and you need to resist to maintain the balance of keeping players because of their on-pitch performance, but at the same time, we also need to maintain a structure and stability.”
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