£800m in, £800m out – Why Man City scandal shines light on Man Utd finances
The Premier League panel’s report laid it out in black and white. “The club’s income was hugely overstated by over £830 million.” In other words, Manchester City’s owners circumvented the league’s financial regulations over a number of years by pumping money into the club that should not have been recorded as sponsorship income. The damning […]
According to the Premier League panel's report, Manchester City's owners overstated the club's income by over £830 million over several years by recording money as sponsorship income that should not have been. This dual scandal involving both Manchester City and Manchester United has shed light on the financial practices of both clubs.
Manchester United's latest accounts reveal an interest payment of £37 million, up from £34 million the previous year, totaling £852 million in net interest payments since the Glazer takeover in 2005. This significant financial burden contrasts with City's reported overstatement of income. United's CEO, Omar Berrada, emphasized the club's disciplined approach to finances, despite spending £191.7 million on new players since June 2023 and borrowing an additional £90 million, raising their overall debt to £1.15 billion.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
