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Man United post profit but debt rises to £1.3bn

Naija News • 4d ago
Man United post profit but debt rises to £1.3bn
**Manchester United Posts Profit, But Debt Skyrockets to £1.3bn** Manchester United, one of the biggest football clubs in the world, has announced a profit of £32.6m for the six months ending December 2025. This is a significant turnaround from the same period last year, when the club posted a loss of £3.9m. However, the good news is tempered by the fact that the club's debt has risen to a staggering £1.3bn. This massive debt is largely due to the legacy of the Glazer family's takeover, as well as outstanding transfer fees. In addition, the club has drawn down £25m on its rolling credit facility, which now stands at £295.7m. The total debt, including the club's liabilities, is a whopping £1.29bn. Despite the significant debt, Manchester United's chief executive, Omar Berrada, is optimistic about the club's future. He credits the "off-pitch transformation" initiated by Sir Jim Ratcliffe, who took a 29% stake in the club two years ago, for the improved financial performance. This transformation has included major cost-cutting measures, including two rounds of redundancies that have cut 450 jobs. The cost-cutting measures have allowed Manchester United to invest more in its data side, which is a key area for the club. The club's commercial revenue dropped 8% to £78.5m, but wages also fell by 9% to £75.1m. Total revenues for the period were £190.3m. Manchester United's financial situation is a concern, especially with the club planning to build a new stadium, which is likely to cost over £2bn. The club's failure to secure a place in the Champions League for two consecutive years has also put pressure on its finances. However, the club is keen to return to the top European competition, and the improved financial performance is a step in the right direction. In conclusion, Manchester United's financial performance is a mixed bag. While the club has posted a profit, its debt has risen to an alarming level. The club's ability to manage its finances and reduce its debt will be crucial in the coming years.
Source: Original Article. AI-enhanced version.