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Manchester United has announced a series of cost-cutting initiatives impacting several of its esteemed club ambassadors, including legendary figures such as Bryan Robson, Denis Irwin, and Andy Cole. These former players, who have long represented the club in various capacities, are facing significant salary reductions as part of the club’s broader financial restructuring efforts.
The decision follows the strategic review initiated by Sir Jim Ratcliffe, who acquired a 27.7% stake in Manchester United in December 2023. Since his investment, Ratcliffe has been committed to streamlining the club’s operations to ensure long-term financial stability. This has included a series of measures aimed at reducing expenditures across various departments.
In October 2024, it was reported that Sir Alex Ferguson, the club’s most successful manager, would be stepping down from his £2 million-a-year ambassadorial role at the end of the current season. This move was part of the initial phase of cost-cutting measures under the new ownership.
The latest adjustments extend to other club ambassadors, with reports indicating that Bryan Robson, Denis Irwin, and Andy Cole will experience salary reductions. These individuals have been instrumental in promoting Manchester United globally, engaging with sponsors, and connecting with fans. The club acknowledges their invaluable contributions and is working closely with them to navigate this transition.
Additionally, the club has made the difficult decision to discontinue its £40,000 annual donation to the Association of Former Manchester United Players (AFMUP), a charity supporting ex-players facing financial hardships. This decision has been met with criticism from various quarters, highlighting the challenges inherent in balancing fiscal responsibility with the club’s longstanding traditions of community support.
These measures come in the wake of Manchester United posting losses of £113.2 million for the year ending June 30, 2024, marking the fifth consecutive year of financial deficits. The club remains committed to complying with the Premier League’s profitability and sustainability regulations and views these cost-cutting initiatives as essential steps toward achieving financial equilibrium.
