Manchester United’s operating profit rose to £13m in the financial year’s first quarter, compared with an equivalent £7m loss 12 months earlier, and the chief executive, Omar Berrada, said this was down to “the difficult decisions made in the past year” by Sir Jim Ratcliffe.
However, United’s total debt has now risen to a record high of £1.29bn. United’s revenue was £140.3m, down from £143.1m 12 months previously, and the club’s revolving credit rose £35.7m to £268m, with noncurrent borrowings remaining at £650m.
