Manchester United have released their latest financial figures and they show that the scarily high debt hanging over the club continues to increase.
The club released the quarterly financial figures and they make for mixed reading as a fan.
Put it this way, the anti-Glazer protests won’t be stopping anytime soon. Not until they are gone.
It is important to note that financial figures being released to the public has nothing to do with the potential sale of the club because United release these figures every year.
The Glazer family have invited bids for the club, though it remains to be seen if they will sell Manchester United outright or welcome different forms of investment. They have already handed the process over to The Raine Group, who are acting as their financial advisors.
Meanwhile, the figures show that United are back to making money, with a £6.3m profit recorded for the last three months of 2022.
Sponsorship revenue is on the up, while the wage bill is also down, on top of decreased broadcast revenue after dropping out of the Champions League.
The club’s debt stands at £535.7m – an increase on the previous debt figures of £514m.
Figures courtesy of The Athletic
Overall it is negative to see the debt mounting. A future with the Glazers would be bleak, so hopefully they see some sense and sell up before the end of the season.
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