Manchester United have announced that their debt has surpassed £474million after an increase of 133 per cent in the latest round of financial results.
United saw a £23.2m loss accumulated for the 2019-20 season, which was due mainly to 41.9 per cent drop in broadcasting income.
The overall income has taken a huge hit amid the increasing strain of the coronavirus pandemic but an £11m extension with shirt sponsor Chevrolet for another six months is thought to be 'a pragmatic solution for both parties' amid the backdrop of the pandemic.
Revenue dropped by 19 per cent to £509m and it was another difficult read for United supporters in what has been a tricky year of rising debt and diminishing revenue.