Manchester United’s potential new owner, Sir Jim Ratcliffe, has shared his views on financial management at the club. Financial Prudence is a key aspect of his approach, as he aims to make the most of the club’s resources. According to his statement to Sky, he believes in being frugal with the club’s finances, quoting his mother as saying: “You look after the pennies, the pounds look after themselves”. This suggests that he will be adopting a cautious approach to spending, ensuring that every penny is accounted for.
Club Finances are a significant concern for Sir Jim Ratcliffe, and he has made it clear that he views the money spent by the club as belonging to the fans, rather than his own. As he stated, “Money we are spending at United not as my money but as the fans’ money”, highlighting his sense of responsibility towards the club’s supporters. This approach may have implications for the club’s spending on various aspects, including player transfers, staff salaries, and other expenses. With regards to job cuts, Sir Jim Ratcliffe’s comments imply that he will be reviewing the club’s budget to ensure that it is being used efficiently, with according to his statement to Sky, the goal of making the most of the resources available to the club.