Man Utd borrows £90m as total debt climbs over £1.1bn
Manchester United reveals an additional £90m in borrowing since 30 June and confirms spending £191.7m on new players this summer, pushing total debt past £1.1bn.
Stock photo for illustration only, not from the actual event
- Manchester United has borrowed an extra £90m since June 30.
- Total summer spending on new players reached £191.7m compared to the initially stated £153m.
- Overall club debt remains above £1.15bn despite major cost-cutting measures.
Manchester United has faced fresh financial scrutiny after a detailed filing to the New York Stock Exchange revealed that the club has borrowed an additional £90m since June 30. The disclosure also confirmed that the club spent a total of £191.7m on new player acquisitions during the summer transfer window.
During July and August, the Red Devils brought in several high-profile players, including Andrey Santos from Chelsea on July 13, Youri Tielemans from Aston Villa on July 14, and Carlos Baleba from Brighton on August 25. However, the reported transfer fees announced at the time of these deals only totaled £153m, leaving a gap where the additional funds were allocated unclear. The club has been approached for comment regarding the discrepancy.
Stock photo for illustration only, not from the actual event
The filing detailed three further drawdowns from the club's revolving credit limit on July 29, July 31, and August 28, totaling £120m, before a £30m repayment was made on September 21. This takes the club's overall debt to £1.15bn, even as minority owner Sir Jim Ratcliffe implements sweeping cost-cutting measures following his arrival in 2024.
Managing a football club with over a billion pounds in debt highlights the complex financial tightrope modern sports organizations walk. Balancing aggressive squad investment with revolving credit facilities and deferred transfer payments requires stringent financial oversight to maintain long-term stability under evolving regulatory frameworks.
The £1.15bn debt figure comprises historic debt standing at £578m, £200m outstanding on the revolving credit facility, and £375m in outstanding transfer fees. Although this represents a £72m reduction from the £447m owed in transfer fees during the 2024-25 accounts, substantial payments remain due, with £104.8m scheduled between one and two years and £51.9m between two and five years. The club stated that payments for their most recent transfers are due within the next five years.
Source: BBC Sport
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