Manchester United: Premier League club owes almost £1bn, reveal new figures

1 year ago 43

Manchester United fans protestation against the club's owners, the Glazers

Manchester United beryllium £969.6m done a operation of gross debt, slope borrowings and outstanding transportation fees with associated payments, according to caller figures.

The nine released its 2nd 4th results to 31 December connected Thursday.

Unlike erstwhile years, determination was nary investors telephone afterwards arsenic a nonstop effect of the ongoing "strategic review".

This could pb to the merchantability of the Premier League club.

The reappraisal itself is centred astir however to conscionable the club's semipermanent superior concern needs, specifically for improvements to Old Trafford and the club's Carrington grooming ground, and - it is being stressed - is not owed to immoderate issues with short-term liquidity.

Nevertheless, the magnitude the nine owes has grown.

While the main indebtedness remains astatine $650m, a alteration successful the speech complaint meant the nine owed £535.7m compared to £477.1m astatine the aforesaid constituent successful the erstwhile year.

In addition, £206.2m has been taken from a rolling recognition facility, with different £227.7m owed successful outstanding transportation fees. The nine did person £31m successful currency oregon equivalent, but the wide sum remains conscionable abbreviated of £1bn.

BBC Sport has been told the figures are grounds of a "stretched" fiscal situation, though it is being stressed that this has already changed for the better, owed to bumper matchday revenues and awesome play summons income - and they expect that to continue.

Indeed, successful posting profits of £6.3m for the quarter, United person besides revealed sponsorship gross has accrued 43.2% to £50.4m implicit the anterior quarter. The nine said this was owed to the interaction of its grooming kit statement with Tezos, positive a 'one-off sponsorship credit', which it has opted not to detail.

Wages were down £20.4m to £77.3m, a alteration of 20.9% arsenic Erik 10 Hag's squad are not successful this season's Champions League.

How to travel Manchester United connected the BBC banner