Sir Jim Ratcliffe warns Manchester United faces bankruptcy without cuts

Sir Jim Ratcliffe, co-owner of Manchester United, has revealed that the club faces a severe financial crisis, stating there would be no money left by Christmas if drastic austerity measures were not implemented. These measures include significant job cuts and a controversial increase in matchday ticket prices to £62, which has drawn heavy criticism from fans. Ratcliffe disclosed that the club has lost over £300 million in the past three years and warned that without immediate action, they could run out of cash by the end of 2025. Despite the current struggles, he expressed confidence that Manchester United could become the most profitable football club in the world within three years. Ratcliffe acknowledged past errors in management decisions, including retaining manager Erik ten Hag last summer, and emphasized the need for uncomfortable changes to stabilize the club's finances. He believes that the changes are necessary for Manchester United to return to competing for titles.