Sir Jim Ratcliffe has admitted the club are running out of money after Manchester United lost more than £300m over the past three years, leaving them in an “unbankable” financial position.

United have tried to cut costs over the past year since Ineos took a majority stake in the club, including cutting 250 jobs last year and facing a further 200 redundancies.

Speaking to The เล่น UFABET ผ่านมือถือ สะดวกทุกที่ ทุกเวลา , Ratcliffe said : “The numbers are quite scary because United have let things go without a direction and costs have spiralled out of control.

“Put simply, Manchester United have spent more than they have made over the last seven years, which has led to a very bad point at the club and we are now heading into 2025 with no cash left. “I think it’s the first time we’ve said this publicly but it is true. United have run out of money and that was after I put another £300m into it.

” Despite United’s dire financial situation, Ratcliffe is confident the club will bounce back strong. He added:

“The club will be making huge profits. We believe that in three years’ time Manchester United will be the most profitable football club in the world and the status of the club will change dramatically. But before we get there, we have to go through changes, and nobody likes change. “If a business is in liquidity, the first thing to do is to find a way to raise capital, to talk to the banks, to restructure debt, to raise more money. Believe me, you don’t want to get to that point.

” But that’s our job, isn’t it? We have to look ahead, we have to face the problems and deal with them, and we will do it. ” The changes we’ve made throughout this season, including the recent announcements (such as job cuts), will allow us to continue moving forward. ” 

At Ineos, we’re running a lean and efficient organisation. As my mother used to say, ‘Take care of the pound and the pound will take care of itself’.

It may sound like we’re joking about cutting staff benefits like first-class train tickets or free taxis, but if a club gives away too many privileges, it could go bankrupt. ” We’ve had to make some tough decisions and now our staff are starting to understand what we’re trying to do. Our goals are clear and we’re on track to get there.