Sport

EPL: Sir Jim Ratcliffe offers Manchester United Staff early bonus to resign

Sir Jim Ratcliffe, minority owner of Manchester United, is offering staff at the club early bonus payments as part of his efforts to reduce the workforce at Old Trafford.

Ratcliffe finalized a £1.3 billion deal for a 27.7% stake in United in February and aims to overhaul the club’s operations.

According to Mirror Football, the British billionaire plans to cut about a quarter of the staff as a cost-saving measure.

Non-playing and non-scouting staff were emailed on Tuesday, instructing them to return to the club’s offices in London or Manchester.

Those unwilling to return are offered the option to leave the organization with an early bonus, typically paid in September.

They have until June 5 to choose voluntary resignation, or they must return to the office by June 1.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Jigawa: Police arrest suspected electric cable vandals

The Jigawa State Police Command has apprehended Babangida Abubakar for allegedly vandalizing electric cables in…

1 hour ago

Nigeria at 64: FG reveals schedule for 2024 Independence Day Celebration

The Federal Government has announced the schedule for the 2024 Independence Day celebration. In a…

5 hours ago

Why I relocated from UK to Participate in BBNaija – Ben

Newly evicted Big Brother Naija housemate Benjamin Olufemi, known as Ben, has shared his reasons…

5 hours ago

Gospel singer, Dele Gold buried in Lagos (Photos)

Popular Nigerian gospel singer Dele Agbeyo, known professionally as Dele Gold, has been laid to…

6 hours ago

Black Market Dollar to Naira Exchange Rate Today 20th September 2024

The black market dollar to naira exchange rate for today, 30th September 2024, can be…

6 hours ago

Naija News: Top Nigerian Newspaper Headlines For Today, Friday 20th September, 2024

Good morning, Nigeria! Welcome to your daily news roundup of the top headlines making waves…

6 hours ago