Manchester United Faces a Staggering €1.47 Billion in Debt Challenges

Manchester United’s total debt has reached a record high of £1.29 billion (approximately €1.47 billion) at the end of the last quarter, as reported in the club’s financial results shared by The Times. This amount includes an additional loan of €120 million to fund recent transfers, increasing the debt to €854 million. Non-current liabilities total about €246 million, while current liabilities are around €368 million, mainly due to short-term transfer fees. Despite this high level of debt, restructuring efforts and the elimination of nearly 500 positions overseen by minority shareholder Sir Jim Ratcliffe have led to an operating profit.

After incurring financial costs of around €24 million, the club reported a pre-tax loss of €9.6 million for the quarter. The sales of Garnacho and Antony, along with the streamlining program, have reduced the proportion of the wage bill in total revenues from 56% to 52.5%. On the pitch, the team is performing slightly better, currently sitting in 6th place in the Premier League standings.