A 25 per cent increase on last year means Manchester United’s debt is comfortably the biggest in Europe but is balanced by huge revenues.
A new UEFA report has revealed that Manchester United has €200million more debt than any other European football club.
However, the report acknowledges that this debt is somewhat offest by huge revenues and the value of the club’s considerable assets.
The debt is attributable to the Glazer family’s controversial 2005 takeover of the club, which has been a source of frustration and at times even protest from Manchester United supporters.
Despite loading the club with immense debt, the club has remained largely succesful, though recent times have been somewhat leaner in terms of silverware with just the 2016 FA Cup to show for their efforts since the retirement of Sir Alex Ferguson.
That has not been for a lack of money to spend in the transfer market, however.
The Glazers have loosened the purse strings in recent years, paying massive fees for the likes of Angel di Maria, Henrikh Mkhitaryan and most recently Paul Pogba, while astronomical wages have also been on offer to the likes of Zlatan Ibrahimovic and captain Wayne Rooney.
UEFA’s report seeks to place debt figures in context and the fact United’s debt is broadly in line with their 2015 revenues of €521m – the third largest in world football behind Real Madrid and Barcelona – and is 80 per cent of their long-term assets
Queens Park Rangers, now of the Championship, are the highest-risk clubs, with €279m of debt, which is 480 per cent of their long-term assets, and Fenerbahce, with €166m at 610 per cent.
Additionally, the falling value of the pound has impacted upon United’s debt, despite the club posting record revenues of £513m this year.