The club may face serious challenges.
Manchester United is at risk of running out of cash.
Details: According to ESPN journalist Mark Ogden, the management will disclose the full extent of their financial troubles in their annual financial report in two days.
This follows a warning from minority owner Jim Ratcliffe six months ago, alerting that the club could run out of money by the end of 2025.
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Ratcliffe, who has invested £300 million ($407.4 million) into the club, noted in March that United is dealing with serious financial issues.
“Simply put, over the past seven years the club has spent more money than it has earned, and as a result has ended up in a very tough position. And for Manchester United, that point comes at the end of this year, at the end of 2025, when the club will run out of money,” Ratcliffe said.
A year ago, United reported a net loss of £113.2 million for the financial year.
Reminder: What’s going on with the team? Manchester United has started the season in their worst form in 33 years.
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