Manchester United is on the verge of bankruptcy

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By: Manu Tournoux

Manchester United has an absolutely catastrophic season, and on all levels. On the sports side, the Red Devils point to 13th place in the Premier League and are already 12 points from the first European places. But that's not all, since the finances of the Mancunian team are also a disastrous state. According to information from SunJim Ratcliffe fears even to go bankrupt without a drastic reduction in costs. After having dismissed 250 of the 1,150 employees of the club last July, the one who acquired 27.7 % of the club's shares against 1 billion pounds would like to separate from 100 to 200 additional people.

Always according to The SunUnited recorded losses amounting to almost 360 million euros last season. Without the 288 million euros injected by Ratcliffe, the residents of Old Trafford would have exhausted their liquidity. If the club's recovery plan is unpopular to fans, it intends to go to the end of its ideas. This summer, almost all of the workforce could be available on the transfers market.