Well we are not bloated operationally , nor have we been horribly mismanaged operationally for a decade. There aren't metrics to back that up.
Its a convenient fallacy to point to our 1100 staff (pre cost cutting) and say- see, we have the most staff in the PL therefore we are overstaffed, bloated etc. Such a narrative is convenient because it obviously provides a justification for deep cuts. Gives the impression that the new guys are making the "hard choices", being proactive, doing stuff out of necessity for the greater good.
In reality, cutting ordinary joes from the staff is the easy choice for INEOS and the Glazers. The meek shall inherit the earth but not its mineral rights if they are not contractually protected..
We are the biggest club in the PL and the most supported club in the world. It stands to reason we should have staffing levels that reflect that. In terms of revenue, we are fourth in 2025 Deloittes Football Money League.
The other big hitters globally carry as many staff. Real Madrid carry more staff, Bayern have over 1000 staff, Barcelona have 1300 permanent staff. Liverpool have 1000 staff. So our staffing relative to our peers is commensurate with our size, our scope, our outreach.
Now, I am going to mention the dreaded "Ebitda" because it's a measure of how profitable a club is operationally. It simply is the difference between revenues and cash expenses (wages and regular running costs).
Our Ebitda is higher than any club in the PL. It's higher than Bayern, Barcelona, Liverpool, PSG, Real Madrid, Man City. Again, from an operational point of view, we are not failing wrt to our peers. Our problem is a rather singular combination of being utterly shite at payer trading while carrying shite debt costs.
Our Eibtda margin, a measure of efficiency (or inefficiency) is again higher than the aforementioned. Man City with much fewer staff, bigger revenues (much of it not truly earned in a staffing sense), and more football success are simply not operating as efficiently as us. So having a lot of staff means very little when these things are looked at rationally, and relatively.
All of the cuts we are witnessing are to our regular cash expenses, designed to improve our Ebitda and Ebidta margin further still. Financially, it makes sense- cash availability and profits improve even with stalled revenues.
But let's not dress this up as moral crusade by earnest men to eject the dreaded evils of overstaffing and operational inefficiency.
I suspect when we get back on track eventually (and we will), our staffing numbers will creep back up and very few will notice and no one will be alarmed.