Man Utd owe more than £1bn after latest borrowing

To help pay for their summer transfer expenses, Manchester United added an additional £105 million to their unsecured debt, totaling almost £1.1 billion.

On September 17, United made club accounts available as of June 30th, 2025.

On September 18, the club briefly outlined some of their operations after the initial reporting deadline, which provided more detailed information to the New York Stock Exchange.

After June 30, United claim to have spent 167.8 million on signing players. They signed Senne Lammens from Royal Antwerp on September 1st, Senne Lammens from Brentford on July 21, and Benjamin Sesko from RB Leipzig on August 21. In June, Wolves had already signed Brazil international Matheus Cunha for £62,5 million.

The club confirmed that their debt, which was $637 million as of June 30, 2025, was confirmed in the most recent financial statement. Revolving credit, which they have recently increased by £50 million, is included in this as well as the historic senior secured notes and secured term loan facility, which were legacy of the Glazer takeover in 2005. Revolving credit is also available if needed.

However, they also list four additional drawdowns of the revolving credit facility that total £105 million between July 7 and September 11, taking the total amount accessed from this sum to £265 million. This brings the total debt to £742 million.

Add in the £447m in transfer fees United claim they owe, of which £205m is due after a year. United also confirm that they owe £102. 61 million.

Sir Jim Ratcliffe, a minority shareholder, has put in place cost-cutting strategies that have reduced United’s losses from £113. 2 million to £33 million.

However, the pitch’s lack of success prevents further improvement.

United’s Europa League final run ended in the last season’s winnings with a winning total of $43.7 million.

They anticipate that their overall revenue will be between £640 million and £660 million in the coming season when they won’t make any money in Europe.

Ruben Amorim’s team has won just one game this season despite the additions.

On Thursday, Ratcliffe flew to the Carrington training facility to attend a number of planned meetings, including one with the under-pressure head coach.