Manchester United's financial results reveal net debt hit £495m at end of 2021. Manchester United's net debt stood at £494.8m on 31 December 2021, up from £455.5m at the end of the previous year, according to the club's latest accounts.
How did Manchester United get in debt?
Debt. The root of supporter opposition to the Glazer takeover. United were debt-free before being bought out using hundreds of millions of pounds in bank loans. That instantly put them more than £550m in debt and on the hook for tens of millions of pounds of interest payments each year.
Is Utd in debt?
Manchester United's net debt has fallen by more than £50million in their annual financial results, released today. United's figures showed the club's net debt currently stands at £419.1million, down from £474.4m last year.