Manchester United admitted that there was a risk of violation of the profit and sustainability rules (PSR) in a letter to fans in which he justified his decision to increase ticket prices.
Sir Jim Ratcliffe and Ineos have supervised a series of unpopular measures to cut costs at Old Trafford, and the 1958 fan group accused them of “exploiting a fans base” when they raised ticket prices in November.
1958 expressed this concern in a letter addressed United and posted on social networks a club response in which the Red Devils admit that PSR’s violations are afraid.
“We agree that our fans are what makes Manchester United the biggest football club in the world,” the letter began.
“However, we currently achieve a significant loss every year – a total of over £ 300 million in the last 3 years. This is not sustainable and if we are not acting in danger now we are not fulfilled by PSR/FFP requirements in the coming years and significantly affect our ability to compete with on the ground. “
Currently, Premier League Clubs are allowed to achieve losses up to £ 105 million during any three-year period to remain within PSR regulations.
“We will return to a positive cash position as soon as possible and we will have to make some difficult decisions to get there,” the letter continues. “This includes a significant reduction in our workforce, as well as cuts in many areas of consumption at our club.
“We do not expect fans to make up for all the current deficiency – but we have to look at our ticket sales strategy to make sure we charge the right amount and offer the right discounts on our products for our fans.”
These financial problems raised questions about the future of numerous first team players, with Alejandro Garnacho is one of several great names associated with big cash departures in the January transition period.
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