{
  "id": 9479525,
  "title": "Man Utd still £1bn in debt with £63.5m spent on new stadium",
  "url": "https://urgent.news/2026/09/24/man-utd-still-1bn-in-debt-with-63-5m-spent-on-new-stadium",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-09-24T01:22:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/man-utd-still-1bn-in-debt-with-63-5m-spent-on-new-stadium/"
  },
  "original_language": "en",
  "account": "Manchester United remains heavily in debt, with the club's overall debt exceeding £1 billion despite Sir Jim Ratcliffe's efforts to reduce costs. The club has spent £63.5 million on land for a new stadium as part of a wider Old Trafford regeneration project. Despite a disappointing season that has left the team 12th in the Premier League and out of the EFL Cup, Manchester United reported record revenues of £677.6 million and a £22.6 million operating profit. Net finance costs, however, increased by 228.3% to £69.6 million, largely due to a foreign exchange loss. Financial expert Kieran Maguire points out that net finance costs have now surpassed £1 billion since the Glazer family's leveraged buyout in 2005. The club has not disclosed what they have done with the remaining £63.5 million allocated for the new stadium. Overall, Manchester United's debt, comprising historic debt, revolving credit facility, and transfer fees, remains over £1 billion, even though it has reduced from £1.3 billion at the end of December.",
  "summary": "Manchester United's overall debt remains over £1bn despite Sir Jim Ratcliffe's extensive cost-cutting measures, and the club has also confirmed it has spent £63.5m on land for the team's new stadium.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}