Man City ruling puts spotlight on Man United’s huge debt
Following a financial ruling against Man City, Manchester United’s finances are under scrutiny, with the club’s debt rising to £1.15bn under Glazer ownersh Read More: https://punchng.com/man-city-ruling-puts-spotlight-on-man-uniteds-huge-debt/
Manchester United has paid an estimated £852 million in net interest since its 2005 leveraged takeover by the Glazer family, according to football finance blogger Swiss Ramble. This figure came to light following a Premier League panel's ruling that Manchester City's income had been overstated by more than £830 million. The club, under scrutiny due to the financial ruling, reported record revenue of £677.6 million and projected revenue of up to £760 million for the 2026-27 financial year.
United's debt has risen to £1.15 billion after borrowing an additional £90 million, compared to £667 million in debt in the accounts to June 2021.
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