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Manchester United have admitted they risk breaching the Profit and Sustainability Rules (PSR) in a letter to fans justifying their decision to increase ticket prices.
Sir Jim Ratcliffe and Enos have Overseeing a series of unpopular cost-cutting measures at Old Trafford, and were accused by a supporters group of “exploiting the fanbase” when they raised ticket prices in November.
1958 A letter voiced those concerns combined And highlighted the response from the club on social media, with the Red Devils admitting to fearing a breach of the PSR.
“We agree that our fans are what make Manchester United the greatest football club in the world,” the letter began.
“Yet we are currently making significant losses every year – a total of over m 300m in the past 3 years. This significantly affects our ability to compete on the pitch.”
currently, Premier League Clubs are allowed to make losses of up to £105m in any three-year period to stay within PSR rules.
“We will return to a cash positive position as soon as possible and we will have to make some difficult choices to get there,” the letter continued. “It includes significant reductions in our workforce as well as cuts in many areas of spending at our club.
“We don’t expect fans to make up all of the current deficit — but we don’t need to look at our ticketing strategy to make sure we’re charging the right amount in our products for our fans.”
These financial concerns have raised questions about the futures of many first-team players, as well Alejandro Garnacho One of the many big names linked with a big-money departure In the January transfer window.
