Man United make major FFP admission amid Alejandro Garnacho transfer interest

Manchester Nnited have admitted they are now at risk of breaching Premier League Profit and Sustainability Rules (PSR) after successive years accumulating financial losses.

Old Trafford chiefs have acknowledged the club's dangerous standing against the current regulations. United have not made a profit since the 2018/19 season, and in the five years since have recorded total losses of £373m.

Recently, the Premier League stated that none of the 20 clubs this season fell foul of the rules, but United now find themselves in a precarious situation looking ahead to the next. If guilty of a future breach they could be handed the same points deduction punishments dished out to Everton and Nottingham Forest.

To negate a potential breach, new controlling owners INEOS led by Sir Jim Ratcliffe have attempted to offset this through cost-cutting measures across the board. In November, United also increased ticket prices mid-season which eliminated concessions for children and over-65s, increasing all remaining tickets for home games this season to £66.

It was a response to a letter by fan group The 1958, who challenged the club on the new ticket prices, that conceded that the club is at risk of failing to comply with financial regulations. "If we do not act now, we are in danger of falling to comply with PSR/FFP requirements," United said, reports the BBC.

"We are currently making a significant loss each year - totalling over £300m in the past three years. "This is not sustainable.

"We will have to make some difficult choices. That has included a significant reduction to our workforce as well as cuts across many areas of spend across our club.

"We do not expect fans to make up all the current shortfall - but we do need to look at