Manchester United have confirmed up to 200 more jobs may be made redundant at the club as cuts continue while free lunches for staff at Old Trafford set to end. CEO Omar Berrada says: “We have lost money for the past five consecutive years. This cannot continue”. The planned cuts aim to return the club to profitability.
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Everton’s takeover by the Friedkin Group has been confirmed, ending the turbulent tenure of Farhad Moshiri. A statement issued by the club on Thursday morning said the Toffees had been acquired by Roundhouse Capital Holdings Limited, an entity within the Friedkin Group. The club said the deal, said to be in excess of €486m had received the necessary regulatory approvals.
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Premier League clubs have voted in favour of developing plans to introduce a spending cap. Sixteen clubs approved proposals for the Premier League to complete the final economic and legal analysis needed to create a spending-cap model. The model if voted through it would replace the current Profit and Sustainability Rules (PSR) from the 2025-26 season onwards.
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