Post: Manchester United to downsize London office, move to smaller location

According to the "Daily Mail" report, Manchester United will reduce the size of its London office and move the office to a smaller location.

Manchester United is reducing the size of its London office as part of Ratcliffe's ongoing cost-cutting efforts. Ratcliffe has been trying to save money since taking over Manchester United in February 2024, and this trend continues today.

Ratcliffe publicly stated that Manchester United must significantly reduce expenditures. Since taking over, he has laid off about 450 people, canceled employee benefits, and increased ticket prices at Old Trafford.

Manchester United announced record financial revenue of £666.5 million in September, record commercial revenue of £333.3 million, and record matchday revenue of £160.3 million. But cost-cutting measures continue, with United's London staff moving from their current offices in Kensington to a smaller site in Covent Garden.

According to the "Daily Mail" report, Manchester United has shortened its 10-year lease in Kensington after just two years. Although the club emphasized that cost savings were not the main reason for the move, it is reported that the move involves a significant reduction in rent, and the new office location is considered to have advantages in many aspects.

Manchester United declined to comment on the move, a move that seemed symbolic. Manchester United moved into a luxurious 23,000 sq ft office in Kensington in 2023, complete with a rooftop terrace and two bars. The office was considered state-of-the-art at the time and featured an LED tunnel designed to make staff feel as if they were at Old Trafford.

However, everything has changed since Ratcliffe took over in February 2024. The 73-year-old boss hired consultants to conduct an audit to identify where savings could be made. Hundreds of layoffs followed, and Ratcliffe is unapologetic about his decision.