Manchester United have taken out a further $125million in long-term debt following a refinancing of borrowings related to the Glazer family’s 2005 takeover.
The refinanced debt now amounts to $550m, at a higher interest rate of 5.36 per cent. The previous rate, secured in 2015, was 3.79 per cent.
At that higher rate, United’s annual interest payments will rise by approximately £10m at the current exchange rate. During the 2024-25 season, United paid out £37m in interest costs.
Following the refinancing, the club’s total financial debt stands at £727m. United’s outstanding transfer debt is currently £360m, of which £209m is due within the next year.
And we're having to nickel and dime to raise funds for player purchases.
The game's rigged.