Man Utd take on further £90m in loans as total debt climbs past £1.1bn

Manchester United disclosed in a detailed filing to the New York Stock Exchange on Thursday that it had taken on a further £90m in borrowing since 30 June. The filing followed the release a day earlier of the club's 2025-26 accounts covering the year to the end of June.

The club also confirmed that its summer spending on new players reached £191.7m. United completed three signings during the window: Andrey Santos arrived from Chelsea on 13 July, Youri Tielemans joined from Aston Villa on 14 July, and Carlos Baleba signed from Brighton on 25 August. When those deals were announced, the fees cited by the club added up to £153m, leaving a gap with the newly disclosed spending figure that has not been explained. United has not responded to a request for comment on the discrepancy.

Credit facility drawn down further

The filing shows United made three additional withdrawals from its revolving credit facility — on 29 and 31 July and again on 28 August — totalling £120m. A partial repayment of £30m followed on 21 September.

Taken together, these movements bring United's total debt to £1.15bn. That figure breaks down into £578m of long-standing historic debt, £200m still owed on the revolving credit facility, and £375m in outstanding transfer fees owed to other clubs.

The transfer-fee component represents a £72m drop from the £447m reported as owed in the 2024-25 accounts, though it remains substantial. Of the outstanding amount, £104.8m falls due between one and two years from now, £51.9m between two and five years, and the rest within the coming 12 months. The club says obligations tied to its most recent signings will be settled within five years.

The figures underline that United's debt burden remains above £1bn even as Sir Jim Ratcliffe, who became a minority owner in 2024, has pushed through significant cost-cutting measures at the club.