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INEOS Tackles Man Utd's £1.3bn Debt
2 Mar
Summary
- INEOS targets wage bill reduction to tackle £1.3 billion debt.
- Man Utd's wage bill is fourth-highest in the Premier League.
- Casemiro will depart this summer, trimming the wage bill.
INEOS, Manchester United's minority owners, are actively pursuing strategies to reduce the club's substantial £1.3 billion debt. These measures encompass workforce reductions and the removal of staff perks, alongside a significant push to mitigate the immense wage bill.
The club's financial approach has resulted in the Premier League's fourth-highest wage bill, totaling $420 million. This figure includes high earners like Bruno Fernandes and Casemiro, the latter of whom is set to depart this summer, offering some relief.
Compared to rivals, Liverpool leads with a $574 million wage bill, while Manchester City spends $547 million. Arsenal's total stands at $453 million, exceeding United's by approximately $33 million.
INEOS aims to implement a more sustainable wage structure to address Manchester United's long-standing financial obligations and learn from past high-spending mistakes.
