United have made losses in each of the last five financial years, totalling £373m, and chief executive Omar Berrada claimed they are “putting the club on a stable financial footing” which will put them in a stronger position to invest in the men’s and women’s teams.
United announced a range of measures in a bid to claw back money, including scrapping free lunches for staff at Old Trafford, which they believe will save £1m a year.
United announced to staff that up to 200 jobs would be cut, in addition to the 250 redundancies made last year.
Last week, they announced a £27.7m loss for the second quarter of the financial year, including £4.1m of costs in paying off sacked sporting director Dan Ashworth and £10.4m to former manager Erik ten Hag and his backroom staff.
Manchester United could sack a further 200 members of staff as they announced another round of redundancies and a further cost-cutting plan.
