Man Utd: Ineos considering further redundancies at the club

Ineos completed a deal worth about $1.6bn (£1.25bn) for a stake in Manchester United in February 2024.

After Ratcliffe’s investment was confirmed, Ineos took over football operations at Old Trafford and quickly began a restructure with Dan Ashworth appointed sporting director, Omar Berrada as the new chief executive and Jason Wilcox as technical director.

In June, Ineos opted to keep Erik ten Hag as manager but then sacked him, at a cost of £10.4m in compensation.

United paid Sporting £11m to bring in coach Ruben Amorim as Ten Hag’s replacement in November. The Portuguese has won 10 and lost eight of his 20 games in charge.

The club also paid £3m in compensation to Newcastle for Ashworth, but announced his departure in December after five months in the job.

Ineos and Ratcliffe have also been criticised for raising matchday ticket prices to £66 per game, with no concessions for children or pensioners.

The club are struggling on the pitch, sitting in 13th place in the Premier League, 27 points behind leaders Liverpool and 14 points off the top four.

They are however through to the FA Cup fifth round and last 16 of the Europa League.

In their two transfer windows in charge Ineos has spent over £200m on players, and overseen the departure of midfielder Scott McTominay to Napoli and Marcus Rashford on loan to Aston Villa.

Big money signings Jadon Sancho and Antony have also been loaned out.