The lease for the Kensington's offices was signed in 2023, but it's now been ripped up on orders from Ratcliffe, says the Daily Mail.
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United will maintain a London base, but now staff will reside in Covent Gardens.
The Kensington premises was seen as a key influence on impressing potential sponsors and commercial partners.
However, Ratcliffe and his management team believe it was an unnecessary expense and are now in the process of moving to a smaller and more modest base.
