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Manchester United have announced their net debt has risen to £391.3 million, an increase of £73.6 million over the last year, following the release of their second-quarter reports this season.
The Red Devils advanced to the UEFA Champions League quarter-finals last season but failed to qualify for the current campaign after they finished sixth in the Premier League.
United released their financial reports for the second quarter of 2019-20 on Tuesday, which showed total revenues had dropped by 19.3 percent to £168.4 million.
The Guardian's Jamie Jackson wrote that the club "view the figure as manageable and that the gross debt remains the same.