Manchester United’s Latest Financial Report Reveals £140M Increase In Net Debt

Football News

Manchester United have posted worrying figures in their latest financial report. The absence of Champions League football is lowering wages, but adding to debt.

Written By Colin DCunha | Mumbai | Updated On:
Manchester United

Manchester United's latest financial report has revealed that the club's debt has increased by a mammoth £140m even after posting the revenue increase for the first quarter of 2019-20. This essentially means that Manchester United's debt has surged by over 50 per cent. However, despite these figures, Ed Woodward, who is the executive vice-chairman of the club, has stated that the club are heading in the right direction after a summer of heavy investment. 

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Manchester United financial report: Absence of Champions League football proving fruitful for Red Devils

Manchester United have become a faded force of late. Their absence from the UEFA Champions League means that the club have forecasted a downturn in revenue, as compared to the 2019-20 season. However, Manchester United's wages are also down, mainly due to the departures of Romelu Lukaku and Alexis Sanchez, even though the latter has departed on loan. Their wage bill is also down, in part due to the club not having to pay Champions League bonuses to their players. 

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Following the release of Manchester United's financial report, Ed Woodward went on to say that the club's ultimate goal is to win trophies by playing exciting football with a team that fuses graduates from the academy with world-class acquisitions. This essentially means that despite lesser revenue as compared to last season, Manchester United could once again look to spend heavily next summer. Manchester United have considerable talent coming through the academy with the likes of Mason Greenwood, Brandon Williams and Scott McTominay impressing in recent outings. As such, Manchester United's executive vice-chairman said that the club is "very proud" to be approaching a milestone 4,000th game featuring a Manchester United academy player. However, Ed Woodward's words indicate that Manchester United's debt will have little to no bearing when next summer's transfer window approaches. 

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Manchester United news: Transfer targets locked down

Erling Braut Haaland, James Maddison, Moussa Dembele and Declan Rice are the most recent names to be linked with a move to Manchester United next summer. While Haaland and Maddison are likely to command fees in excess of £50m, Declan Rice and Moussa Dembele are likely to come cheaper. A move for Gareth Bale has also been thrown around in the mix by the rumour mill, although that would involve a move for Paul Pogba as well. 

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