Manchester United say club at risk of breaking Profit and Sustainability Rules in letter to fan groups on ticket prices
Published 24/01/2025 at 07:34 GMT
Manchester United have revealed that they are at risk of breaching PSR in a letter to fan groups The 1958 and Fan Coalition 58 about ticket prices. The letter claimed that the club suffered losses totalling over ÂŁ300 million over the past three years. The Red Devils have said that they will explore many avenues, including increases in ticket prices, to bring the losses down.
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Manchester United have revealed that they are at risk of failing to comply with Profit and Sustainability Rules (PSR) rules in a letter to fan groups.
The Red Devils admitted that ticket prices could rise next season in a bid to bring down their "significant losses".
The club were responding to The 1958 and Fan Coalition 58, which are United fan groups that have expressed their concern about the impact ticket price increases may have on the fanbase.
United acknowledged the importance of the fans to Old Trafford but told the groups that the club needed to act now.
"We agree that our fans are what makes Manchester United the greatest football club in the world," the letter read.
"We greatly value and appreciate the loyalty and passion our fans have for the club, and the difference this makes to the team.
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"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 £300m 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."
The BBC reported that Manchester United had lost ÂŁ370 million over the last five years in September.
The club raised members' ticket prices to ÂŁ66 while removing concessions for children and pensioners in November.
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The letter United sent the fan groups insists restoring financial sustainability to the club is key to their success 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," the letter read.
"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."
United's letter also said that they were working towards an outcome that was in the best interests of the fans and the club.
"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.
"We have committed to formal consultation with our Fans' Advisory Board (FAB) about this who will challenge and help shape proposals which will then be decided upon by our ownership group.
"The FAB isn't a decision-making body – it is advisory – but we are committed to collaboratively working together to help us come to the best outcome for fans and for the club.
"Once we have an approved strategy and pricing policy for the 25/26 season we will communicate the details to all fans.
"At this time, no decisions have been taken and the process of consultation is beginning.
"Until we have an outcome we will not be commenting further regarding what may or may not change for next season."
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