Man Utd confirm increase to debt in latest financial statement

Manchester United debt rose by £58m in the 12 months from the end of 2021 to the end of 2022 as a result of changes in the exchange rate between US dollars and pound sterling.

The $650m figure, termed ‘non-current borrowing’ in the club’s latest set of accounts for the three months ending 31 December 2022, did not actually change. But because UK currency is weaker against the American dollar than it was, the amount in pounds grew from £477m to £535m.

Revenue for the quarter was down 10% compared to the same period last season. The reason for that was primarily down to playing in the…


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