Ineos have been eager to regain control of Manchester United’s wage bill and spending since taking charge at Old Trafford.
The first 18 months of Ineos ownership have been full of controversial decisions and sweeping changes at both Old Trafford and Carrington.
There have been over 250 job cuts around the club as part of Sir Jim Ratcliffe’s cost-cutting measures. Ineos have also launched ‘Project 90’ designed to balance the club’s finances.
In terms of signings, there has been a noticeable shift in transfer strategy under Ineos ownership, and they have also been more strict with the wages handed to new arrivals.
The last financial figures have now been released, including United’s latest wage bill figure.
What is Man United’s latest wage bill figure
United’s wage bill was £364 million in 2023/24, ranking the Red Devils lower than Manchester City and Liverpool.
But with no European football this season and the job cuts made by Ineos, the wage figure has been slashed even further.
As pointed out by Swiss Ramble, United’s wage bill has dropped by £52 million (14%), leaving the latest wage bill at £313 million.
Interestingly, it is the lowest United’s wage bill has been since 2020 when it dropped down to £284 million.
Champions League clauses help slash Man United wages
United were one game away from qualifying for the Champions League when they faced Tottenham in the Europa League final last season.
Unfortunately, the Red Devils fell short and have been left out of European football entirely. Missing out on Champions League qualification was worth £100m+.
But no European football also triggered important wage cuts in the players’ contracts.
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Player wages dropped 15-25% as a result of their failure to qualify for Europe, which will be a significant contributor to the lower figures in 2025/26.
Andre Onana wanted a new contract after his wages were dropped, and he ended up leaving to join Trabzonspor this summer. If players want to return to their higher wages, European qualification must be the aim this season.
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