Manchester United have announced up to 200 additional redundancies as part of a "transformation plan" aimed at improving the club's financial sustainability.

Following the loss of approximately 250 jobs in 2024, a statement published on the club's official website on Monday confirmed that the latest phase of restructuring, designed to "return the club to profitability" after five consecutive years of financial losses, could see "approximately 150-200 jobs made redundant", pending a consultation process.

Sir Jim Ratcliffe, who holds a 28.94% stake in the club through his Ineos group, marked his one-year anniversary as co-owner on 20th February.

Manchester United Chief Executive Officer Omar Berrada stated: “We have a responsibility to position Manchester United as strongly as possible to achieve success across our men’s, women’s, and academy teams. We are implementing a broad range of measures to transform and revitalise the club.

“Regrettably, this involves announcing further potential redundancies, and we deeply regret the impact on our affected colleagues. However, these difficult decisions are necessary to restore the club’s financial stability.

“We have been operating at a financial loss for the past five consecutive years. This cannot continue.”

Berrada continued: “Our two primary objectives as a club are delivering success on the pitch for our fans and improving our facilities. However, we cannot invest in these areas if we are continually incurring financial losses.

“By the end of this process, we will have a leaner, more agile, and financially sustainable football club, while still delivering a world-class service to our valued commercial partners.

“This will ultimately put us in a much stronger position to invest in footballing success and improved facilities for supporters, while ensuring compliance with UEFA and Premier League regulations.”

The announcement follows the release of United’s latest financial accounts, which revealed the club paid a total of £14.5 million in severance packages for former manager Erik ten Hag, sporting director Dan Ashworth, and other football staff members.

The dismissal of Ten Hag and his coaching staff in October incurred a cost of £10.4 million, while Ashworth’s departure in December – just five months after his appointment – cost an additional £4.1 million.

Rúben Amorim was subsequently appointed as United’s new manager following Ten Hag’s departure. However, the club continue to struggle in the Premier League, currently sitting in 15th place after a 2-2 draw with Everton at the weekend.

Meanwhile, United’s women’s team have enjoyed greater success this season, currently second in the Women’s Super League and on a six-match winning streak in the competition.