Mumbai, January 24: Manchester United has told fans it cannot sustain its current financial losses and risks breaching Premier League rules after facing a backlash over rising ticket prices. The record 20-time English champion, which is co-owned by the American Glazer family and British billionaire Jim Ratcliffe, said it had lost more than 300 million pounds ($371 million) over the past three years.슬롯 머신 사이트 추천Supporters have hit out after United raised its lowest-priced tickets to 66 pounds ($81) partway through the season. Previously, the lowest priced ticket was 40 pounds ($49). UEFA Europa League 2024슬롯사이트�25: Bruno Fernandes슬롯사이트� Late Strike Keeps Manchester United on Course for Last 16 Spot With 2슬롯사이트�1 Win Over Rangers.
슬롯사이트This is not sustainable and if we do not act now we are in danger of failing to comply with PSR/FFP (financial) requirements in future years and significantly impacting our ability to compete on the pitch,슬롯사이트� United wrote in a letter to fan group The 1958 and seen by The Associated Press.
슬롯사이트We will get back to a cash positive position as soon as possible and we will have to make some difficult choices to get there,슬롯사이트� United wrote.
It said it did 슬롯사이트not expect fans to make up all the current shortfall슬롯사이트� but would look at its ticket pricing strategy to make sure it was 슬롯사이트charging the right amount."
The Premier League's profit and financial sustainability rules (PSR) allow clubs to lose a maximum of 105 million pounds ($132.5 million) over a three-year period or face sanctions such as points deductions. Last season, Everton and Nottingham Forest were deducted points for breaking those rules. Ruben Amorim Reacts After Manchester United's 1슬롯사이트�3 Loss Against Brighton in Premier League 2024슬롯사이트�25 at Old Trafford, Says 'We Are Being the Worst Team' (Watch Video).
There are also sanctions for failing to comply with UEFA's financial fair play (FFP) regulations. While United reported losses last year of 113.2 million pounds ($140 million) for the year ending June 30, certain areas of spending are not included the league's PSR calculations. Still, the club has outlined its concerns about its ability to comply with the rules.
Ratcliffe, who is one of Britain's richest people and completed a partial buyout of United last year, has overseen an extensive restructuring program. That has included cost-saving initiatives that saw staff redundancies of around 250 roles.
슬롯사이트None of this has been easy, but we believe it is essential to restoring financial sustainability to the club which will underpin us as we work to get back to the top of English and European football,슬롯사이트� United said.
United also fired Erik ten Hag as manager in late October, just a few months after handing the Dutchman a contract extension through next season. Then, in December, the club announced that sporting director Dan Ashworth would leave by mutual agreement less than six months after taking over the role as part of Ratcliffe's overhaul. United's financial issues come at a time when it is need of improvements on the field. Antony to Real Betis? Manchester United Winger Poised for Loan Move to La Liga Until End of 2024슬롯사이트�25 Season.
Last week, head coach Ruben Amorim said this was 슬롯사이트the worst, maybe, in the history of Manchester United슬롯사이트� after defeat to Brighton left it 13th in the standings and closer to the relegation zone than Champions League qualification. His need for funds to add to his squad could see the departure of leading players like Marcus Rashford and Alejandro Garnacho during the midseason transfer window.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)