Manchester United co-owner Jim Ratcliffe's company INEOS has placed its ownership of Swiss soccer club Lausanne-Sport into a blind trust to comply with UEFA rules on multi-club ownership to enter European competitions.

Manchester United are to cut up to 200 further jobs as part of a strategy they claim will transform the club into a more lean operation. Having made 250 staff redundant last summer, United confirmed on Monday that there would be further job reductions of between 150 and 200 employees.

Manchester United expects to make up to a further 200 jobs redundant as part of cost-cutting measures after five straight years of losses, the club said Monday. United made around 250 roles redundant in a first wave of savings last year after British billionaire Jim Ratcliffe paid $1.

Manchester United has announced the layoff of 200 employees in an effort to regain profitability after five years of losses. Under Jim Ratcliffe’s leadership, the club also cut benefits for staff and former players like Sir Alex Ferguson.

In his chat with SEG Stories' YouTube channel, Erik ten Hag does not discuss the detail around his time at Manchester United, what he thinks about Sir Jim Ratcliffe or the rationale behind some of the players he signed for instance.

Manchester United has announced a new round of job cuts and ended free lunch for staff as shareholder Sir Jim Ratcliffe puts a further squeeze on spending in an effort to revive the fortunes of the struggling team.