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Manchester United’s hierarchy has reached out to supporters, urging their cooperation to help the club navigate a looming financial crisis.

The club has reported staggering losses of £312.9 million ($386 million) over the past three years, leaving them at significant risk of breaching Premier League Profitability and Sustainability Regulations (PSR).  

While the Red Devils will not face punishment for the most recent financial year, they have warned of potential ticket price hikes in the future. 

Earlier this season, INEOS, led by Sir Jim Ratcliffe, implemented a flat rate of £66 per ticket without prior consultation with fans, raising concerns among supporters.  

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Manchester United on verge of losing youngsters to cushion effect

In an effort to avoid breaching PSR, United have reportedly put two of their brightest homegrown talents, Alejandro Garnacho and Kobbie Mainoo, up for sale. 

Garnacho is said to be nearing a move to Chelsea, while Mainoo has been linked with Bayern Munich. The club’s fragile financial state has forced previously untouchable players to be considered for transfer to stabilise the balance sheet.  

In their letter to fans, the club’s leadership emphasised their commitment to ensuring accessibility for supporters while addressing the financial challenges:  

“We are determined to ensure that our current fans can continue to afford to attend games and that tickets are accessible for future generations of fans.  

“As previously communicated, we are however currently making a significant loss each year – totalling over £300 million in the past three years. This is not sustainable and if we do not act now, we are in danger of failing to comply with PSR/FFP [financial fair play] requirements in future years and significantly impacting our ability to compete on the pitch.  

“We will get back to a cash positive position as soon as possible and we will have to make some difficult choices to get there. That has included a significant reduction to our workforce as well as cuts across many areas of spend across our club.  

“None 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.  

“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 and offering the right discounts across our products for our fans.”  

The fans watched the Red Devils labour to a 2-1 victory over Rangers in the Europa League on Thursday night, and they prepare for a trip to Craven Cottage in what is expected to be a tough Premier League clash against Fulham.