Manchester United has communicated to fans about the severe financial challenges they face, admitting potential breaches of Profit and Sustainability Rules due to cumulative losses exceeding 300 million pounds over the past three years. The club's recent decision to raise ticket prices has drawn criticism from supporters, particularly the group The 1958, which accused management of exploiting fans. The letter emphasizes the need for a revised ticketing strategy to stay competitive and comply with financial regulations, alongside measures like workforce reductions and cuts in spending to achieve a financially sustainable future.
"We are currently making a significant loss each year - totaling over 300m in the past 3 years. This is not sustainable and we risk failing to comply with PSR/FFP requirements."
"We do not expect fans to make up all the current shortfall - but we do need to look at our ticketing strategy to ensure we are charging the right amount."
#manchester-united #profit-and-sustainability-rules #ticket-prices #financial-challenges #fan-relations
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