Manchester United lost more than £2m a week last season despite fans’ return to Old Trafford – with the club’s debt growing dramatically.
The Old Trafford club reported a net loss of £115.5 million for the season and an operating loss of £87.4 million in the year to June 30, mainly due to a spike in player wages.
Net debt rose by £95.4m to £514.9m – something that will anger fans who oppose the club’s American owners, the Glazer family.
The club blamed that increase on using a £100m credit line to cover losses caused by the Covid-19 pandemic and empty stadiums.
Than to follow.
Manchester United supporters who have opposed ownership of the Glazer family won’t be happy to hear their £95.4m debt rises to £514.9m in the latest financial figures.
The Old Trafford club’s latest financial figures show a loss of more than £115m