Man Utd's debt rises again as worrying numbers paint grim picture for Ratcliffe

"According to the club's latest accounts, United's total amount of borrowing sits at a staggering £777million. £295m worth of that is payable within one year. Elsewhere, the Red Devils also owe a further £422m in transfer fee instalments for incoming recruitment. Worryingly, £238m is due within the year. Combined, that puts United's debt at a total of around £1.3billion."

"Manchester United's debt continues to soar upwards despite major cost-cutting by Sir Jim Ratcliffe. The Ineos owner purchased a stake in the club two years ago and has attempted to cut the club's cloth accordingly. There have been two rounds of major redundancies at the club, while staff perks have also been slashed. Despite those brutal decisions, the club's debt continues to rise under its current ownership."

Manchester United's financial situation remains precarious despite Sir Jim Ratcliffe's cost-cutting initiatives since acquiring his stake two years ago. The club's total borrowing stands at £777 million, with £295 million payable within one year. Additionally, United owes £422 million in transfer fee instalments for player acquisitions, of which £238 million is due within twelve months. Combined, this creates a total debt of approximately £1.3 billion. Despite implementing two rounds of redundancies and slashing staff perks, the club's debt continues to rise. CEO Omar Berrada claims the off-pitch transformation is showing positive financial impact on costs and profitability, while Ratcliffe acknowledges the unpopularity of necessary decisions.

Read at Daily Mirror