Manchester United's wage bill has surged to £384 million annually, a £100 million increase, despite the team's struggles. The club's profit has risen, aiming for success on the field. Sir Jim Ratcliffe supports rebuilding Old Trafford, potentially costing £2 billion, leading to more debt. Recent filings show £120 million debt paid off, with potential borrowing for stadium projects.
Manchester United have paid off £120m of debt, it was revealed overnight. But rebuilding Old Trafford will likely require them to borrow more money. Is that actually a bad thing? w/ @Dan_Sheldon_ https://t.co/6LbHZZIbl9
#MUFC’s latest SEC filing reveals £120m has been paid off their revolving credit facility following Sir Jim Ratcliffe’s $300m cash injection. It also details a £5.5m payout to Richard Arnold after he stepped down as CEO IN December. Story @TheAthleticFC: https://t.co/AvMTP1xewP
Sir Jim Ratcliffe favours rebuilding Old Trafford but a new stadium is likely to cost close to £2bn. To pay for this, Manchester United will very likely have to take on more debt. For fans, it's a scary word — but what does it mean? ⬇️ @Dan_Sheldon_ & @mjcritchley
More debt being added to #MUFC to fund a new stadium or the redevelopment of Old Trafford is a viable option & one that decision-makers will seriously consider. But is that necessarily a bad thing? And what would it mean? W/@mjcritchley @TheAthleticFC: https://t.co/yzDMX0svQN
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Man Utd profit rises as club looks to Ratcliffe for on-pitch success https://t.co/AawQcxaZQm https://t.co/phBjoMJnNW
🤑 Man Utd's wage bill has increased by almost £100m - but club still on course to break revenue records https://t.co/1Mwp6zgpI5 https://t.co/tg6kl0b68E
Man Utd’s record wage bill rises even higher to £384million a year – more than £7m per week – despite team’s struggles https://t.co/c8sxQWDUQH https://t.co/c8sxQWDUQH