Manchester United debt increases after Brexit

      

Manchester United debt increases after Brexit

 Picture: Andrea Sartorati

Manchester United have revealed a 27 per cent rise in the club’s debt in their latest financial statement, Mirror reports.

The late Malcom Glazer completed the takeover of United back in 2005, reportedly with the club’s own cash, which left them with a debt of £525 million. United’s current debt  stands lower than the initial figure at £409 million, and this seems likely to change as United expect record revenues this year. 

“We are pleased to be competing for the first available trophy of the season when we travel to face Southampton in the EFL Cup final this month.” Executive vice chairman Ed Woodward said.

“The robustness of our business model continues to be reflected in our strong financial results and we remain on track to deliver record revenues this year.

“Finally, I’d like to congratulate Wayne Rooney on becoming Manchester United’s all-time record goal-scorer–achieving a remarkable feat of scoring 250 goals over the last 13 seasons, surpassing Sir Bobby Charlton’s record which stood for 44 years.”

The Red Devils currently have the biggest debt in Europe, ahead of Benfica whose debt stands at £279 million and Inter Milan–£258 million.

Here the seven other clubs that complete the top 10 debt-ridden clubs in Europe:

Valencia £241 million
Barcelona £237 million
QPR £236 million
Milan  £211 million
Real Madrid £200 million
CSKA Moscow £189 million
Galatasaray £187 million

 

*It is worth noting that Arsenal are nowhere to be seen in the top 25.

 

 

   Alex  
As a supporter of United, I just want 0.1% of their debt. Ok, ok, maybe I want 10 mins of Rooney's wage = £2.5k.

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Premier League 2017/18

# Team P GD Pts
1 Manchester City FC 23 50 62
2 Manchester United FC 23 32 50
3 Liverpool FC 23 26 47
4 Chelsea FC 23 25 47
5 Tottenham Hotspur FC 23 25 44
6 Arsenal FC 23 11 39
7 Burnley FC 23 -1 34
8 Leicester City FC 23 2 31
9 Everton FC 23 -13 27
10 Watford FC 23 -9 26
11 West Ham United FC 23 -12 25
12 Crystal Palace FC 23 -12 25
13 AFC Bournemouth 23 -11 24
14 Huddersfield Town 23 -20 24
15 Newcastle United FC 23 -10 23
16 Brighton & Hove Albion 23 -12 23
17 Southampton FC 23 -11 21
18 Stoke City FC 23 -27 20
19 West Bromwich Albion FC 23 -12 19
20 Swansea City FC 23 -21 17