Manchester United have admitted that it risks violating the rules of profit and sustainability (PSR) in a letter to fans justifying their decision to raise ticket prices.
Sir Jim Ratcliffe and Ineos have supervised a series of non -portions of lowering costs At Old Trafford, and they were accused of “exploiting the fan base” by the 1958 support group when they raised ticket prices in November.
1958 expressed these concerns on a letter run united And he published a response from the club on social media, in which the Red Devils admit they are afraid of PSR violations.
“We agree that our fans are the ones that make Manchester United biggest football club in the world,” letters began.
“However, we are making a significant loss every year – in total over £ 300m in the last 3 years. This is not stable and if we do not act now, we risk failing in accordance with PSR/FFP requirements in the years future and significantly affecting our ability to compete in the field. “
Currently, Premier League Clubs are allowed to make up to £ 105m during each three -year period to stay within the PSR regulations.
“We will return to a positive position in cash as soon as possible and we will have to make some difficult choices to get there,” the letter continues. “This has included a significant reduction in our workforce, as well as cuts in many areas of spending in our club.
“We don't expect fans to meet all the current absence – but we need to look at our ticket strategy to make sure we are uploading the right amount and offering the right discounts in our products for our fans.”
These financial concerns have sparked questions about the future of a number of first team players, with Alejandro Garnacho one of several big names associated with departures with big money in the January transfer deadline.