Man United debts surpass £1 billion as club set to be ‘taken off the market’ by the Glazers
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Premier League giants Manchester United are reportedly in more than £1 billion of debt as the club’s future remains uncertain.
Since November 2022, the club’s owners, the Glazers have put United up for sale.
To date, it has been reported that Qatari banker Sheikh Jassim and British billionaire Sir Jim Ratcliffe are the front runners to buy United.
However, it has been claimed that the Glazers are now thinking about taking the club off the market and sell again in 2025.
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According to the Daily Mail, United are now in debt of more than £1 billion.
The report claimed that United’s third-quarter results show that debts have increased from £969 million to £1.05 billion.
The rise is reportedly due to a combination of gross debt, banking borrowings and outstanding transfer fees.
United spent big again this summer as they brought in the likes of Mason Mount, Andre Onana and Rasmus Hojlund.
Ahead of their comeback victory against Nottingham Forest last month, United fans staged another protest against the Glazers.
Speaking about the protests, manager Erik ten Hag said: “The fans are entitled to have that opinion. But you see also that the fans and the team has a very strong bond.
“Throughout my time here, that bond has got stronger and stronger - and today again it became even stronger.”
He added: “That magnificent comeback will help them support us. We get big support from them both away from home and at Old Trafford - and we have to keep strengthening that. It is very good to see the fight and the spirit between us.
“At United, we work with togetherness throughout the whole club. We have the same targets, we put 100 per cent effort in and the communication is good.”
United will return to Premier League action after the international break with a clash against Brighton and Hove Albion.
Featured Image Credit: Getty
Topics: Manchester United, Football
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