Manchester United Warns of Financial Crisis and Potential PSR Breach
The club faces over £300 million in losses, rising ticket prices, and possible player sales as it seeks financial stability.
- Manchester United has reported losses exceeding £300 million over the past three years, putting the club at risk of breaching the Premier League's Profit and Sustainability Rules (PSR).
- The club has raised ticket prices midseason, with the lowest-priced tickets increasing from £40 to £66, sparking backlash from fans.
- Co-owner Jim Ratcliffe has implemented cost-cutting measures, including 250 staff layoffs, reduced ambassador salaries, and cuts to club perks and charitable funding.
- United may consider selling key players, including academy graduate Alejandro Garnacho, to generate funds during the January transfer window.
- On-field struggles continue, with the team currently 13th in the Premier League standings, described by head coach Ruben Amorim as possibly the worst in the club's history.