Manchester United Debt Stays Above £1bn Despite Record Revenues
The short version
- Manchester United's overall debt remains above £1bn, down from £1.3bn at the end of December.
- Record revenues of £677.6m and a £22.6m operating profit were announced.
- The club spent £63.5m on land for a new stadium near Old Trafford.
- Net finance costs rose 228.3% to £69.6m, mostly due to a foreign exchange loss.
- United spent £148m on summer signings while sitting 12th in the Premier League.
United posted record revenues of £677.6m and £63.5m spent on land for a new stadium, but overall debt remains over £1bn.
Manchester United's overall debt remains above £1bn even as the club announced record revenues of £677.6m and an operating profit of £22.6m for the year. The figures mark a sharp turnaround from the £113.2m loss recorded in 2023-24.
The club confirmed it has spent £63.5m on land for a planned new stadium, to be built roughly 350 yards from Old Trafford, after adding £94.14m to its historic debt in a summer refinancing. United has not said how the remainder of that money was used.
The overall debt load, down from £1.3bn at the end of December, includes £577.6m in historic debt, £111.4m outstanding on a revolving credit facility, and unpaid transfer fees that club sources estimate at about 75% of the £473m listed under trade and other payables. Net finance costs for the year rose 228.3% to £69.6m, which the club attributed mainly to a foreign exchange loss.
Chief executive Omar Berrada said the record revenues demonstrated the strength of the business and pointed to the return of Champions League football to Old Trafford.
Supporters have criticized what they view as underinvestment in Michael Carrick's squad, with United spending £148m on three signings — Carlos Baleba, Andrey Santos and Youri Tielemans — compared with £458m spent by Manchester City.
