Man Utd ‘admit they ARE at risk of PSR breach and ask FANS to foot the bill

MANCHESTER UNITED have admitted they are at risk of breaching the PSR in a shock letter to their fan groups.

The club made a pre-tax loss of £312.9 million over the last three years.

Sir Jim Ratcliffe has since introduced cost-cutting measures, including cutting the salaries of club ambassadors Denis Irwin, Andy Cole and Bryan Robson.

The club states in a 1958 letter to the fan group that the current level of losses is not sustainable – with PSR (profit and sustainability rules) limiting clubs to a total loss of £120 million over three years.

United are looking for ways to avoid a breach that could mean an academy graduate being sold as they guarantee pure profit. Alejandro Garnacho has been heavily linked with a move to Chelsea this month.

And they have now written to fan groups after raising concerns that the need to cut losses could lead to ticket prices rising.

Earlier this season, United introduced a flat member fee of £66, without consulting fans.

A letter to the 1958 and FC58 Coalition said: “However, as previously communicated, we are currently making a significant loss each year – totaling more than £300 million over the last three years. This is not sustainable and if we do not act now, we run the risk of not complying with the PSR/FFP [financial fair play] demands in the coming years, which will have a significant impact on our ability to compete on the field.

“We will get back to a positive cash position as soon as possible and we will have to make some tough choices to get there. This has led to a significant reduction in our workforce and cuts to many areas of expenditure within our club.

“All this has not been easy, but we believe it is essential to restore the financial sustainability of the club, which will support us as we work to return to the top flight of English and European football.

“We don't expect fans to make up the current shortfall – but we do need to look at our ticketing strategy to ensure we're charging the right amount and offering the right discounts on our products for our fans.”