Manchester United
December 2025
Manchester United’s total debt has climbed to a record £1.29 billion, driven by fresh borrowing and large outstanding transfer liabilities, although recent sales of Antony and Garnacho plus aggressive cost reductions have produced a rare operating profit and slightly softened the financial blow. Operating debt stands at about £749m after another £105m drawdown, with further non current and current liabilities taking the total higher year on year. Ratcliffe’s restructuring has cut jobs, wages and overall expenses, delivering a £13m operating profit, but heavy interest charges still dragged the club to an £8.4m pre tax loss.