Sir Jim Ratcliffe stated that Manchester United would have faced bankruptcy by Christmas this year if not for severe cost-cutting measures he initiated after acquiring a stake in the club. These changes include layoffs, reducing charity contributions, raising ticket prices, and more, which have drawn criticism from supporters. Ratcliffe underscored the significant financial challenges facing the club, which has lost over 300 million in three years, revealing that without interventions, the club would run out of funds by late 2025. His statements reflect the urgency of addressing these financial issues.
"The alternative isn't very tenable, is it? Which is the club goes bust at Christmas. We don't want that. We can't put our head in the sand."
"Manchester United would have run out of money at the end of this year. November this year, the club runs out of cash."
Collection
[
|
...
]