Manchester United’s debt increased by £58.6m to £535.7m in the year to 31 December 2022, according to the club’s latest financial results, published against the backdrop of a potential takeover. Debt rose from £477.1m because of the weak nature of the pound against the dollar, with the figure unchanged in US currency at $650m.
Overall revenue was down by 10% year on year, despite an increase of 22.2% in commercial revenue, as a result of not qualifying for the Champions League and the World Cup taking place in November and December. Despite this United posted a profit of £6.3m in the final three months of last year.
