Final month, United introduced they’d reduce losses from £113.2m to £33m for the yr to June 2025.
This adopted two rounds of redundancies, throughout which greater than 400 individuals misplaced their jobs, together with many long-term employees members. Scouting is among the many areas the place numbers have been slashed.
Ratcliffe has been criticised for the job losses and in addition scrapping long-standing perks equivalent to free lunches for workers.
“The prices had been simply too excessive,” he mentioned. “There are some unbelievable individuals at Manchester United however there was additionally a stage of mediocrity and it had develop into bloated.
“I acquired a whole lot of flak for the free lunches, however no-one’s ever given me a free lunch.
“There are two halves to a soccer crew – there may be the enterprise aspect and the sports activities aspect. The largest correlation, prefer it or not, between outcomes and any exterior issue, is profitability. The more money you’ve got, the higher squad you may construct.
“Should you take a look at our outcomes for final yr now we have the very best revenues ever. Profitability, the second highest ever. These numbers will get higher.
“Manchester United will develop into essentially the most worthwhile soccer membership on this planet, in my opinion, and from that can stem, I hope, a long-term, sustainable, excessive stage of soccer.”
