Bidders for Manchester United knew the club was saddled with sizeable debt when they entered the takeover race and likely learned more about the intricacies of the operation during their meetings at Old Trafford in March.
That situation was laid bare this week with the release of the club's second-quarter finance results for the three-month period starting December 31, 2022. No dividends were taken out but the club’s long-term debt stands at £535m, with cash reserves down to £31m from £87.4m.
No Champions League and the winter World Cup played a part but the news comes at a delicate time in the takeover process.
