Ratcliffe warns Man Utd could collapse without major cost-cutting

Sir Jim Ratcliffe, co-owner of Manchester United, is reportedly concerned that the club could face financial collapse unless he makes drastic cuts. Ratcliffe, who paid £1 billion for a 27.7% stake in United last year, has reportedly acknowledged the urgency of reducing costs across the club.
The Guardian claims that Ratcliffe believes he has "little choice" but to implement further cuts. The club has suffered losses of £300 million over the past three years, but Ratcliffe is confident he can turn things around within two seasons.
Sources close to the situation told The Guardian that United would have "run out of cash" without a £240 million injection from Ratcliffe last year.
Despite the backlash from supporters, Ratcliffe appears determined to continue his cost-cutting measures, and it’s believed that nearly every player at United could be up for sale this summer as part of the ongoing financial overhaul.