Manchester United’s debts have rocketed to a record £1.29billion, the club’s latest financial figures have revealed.
Although chief executive Omar Berrada spoke of ‘robust financial results’ after the cost-cutting instigated by minority owner Sir Jim Ratcliffe contributed to an operating profit of £13.3m, United’s debt and the price of servicing it continue to rise.
Daily Mail Sport takes a closer look at United’s first quarter results to explain why there is good and bad news in the figures.
The debt mountain
United’s debt can be split into two parts; the financial debt stemming largely from the Glazer family’s leveraged takeover in 2005, and the trade debt which has been built up mainly by transfer fees owing on players.