Manchester United disclose £90m in new borrowing as debt reaches £1.15bn

Manchester United have disclosed a further £90m in net borrowing since 30 June, taking their total debt to approximately £1.15bn, BBC Sport reported. The additional borrowing appeared in a detailed filing to the New York Stock Exchange on Thursday, following the club's release of its accounts for the 2025-26 financial year a day earlier.

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The filing recorded three drawdowns from United's revolving credit facility on 29 July, 31 July and 28 August. Those withdrawals totalled £120m, before the club repaid £30m on 21 September. The resulting £90m increase covers activity after the 30 June year-end used for the annual accounts, rather than borrowing completed within that reporting period.

According to the BBC's breakdown, United's debt comprises £578m in historic debt, £200m outstanding on the revolving credit facility and £375m in unpaid transfer fees. The overall figure remains above £1bn despite the cost-cutting measures introduced by Sir Jim Ratcliffe since he became a minority owner in 2024. Transfer obligations form a separate component of that total from the credit facility.

United also confirmed spending of £191.7m on new players during the summer. They signed Andrey Santos from Chelsea on 13 July, Youri Tielemans from Aston Villa on 14 July and Carlos Baleba from Brighton on 25 August. However, the fees stated when those three deals were announced totalled £153m. BBC Sport said the destination of the additional spending was unclear and that the club had been approached for comment.

The £375m in outstanding transfer fees represents a reduction of £72m from the £447m listed in the previous year's accounts. The lower balance therefore sits alongside an increase in borrowing through the revolving facility. The figures describe different parts of United's financial obligations: money still payable on transfers and funds drawn from its available credit.

Of the outstanding transfer fees, £104.8m falls due between one and two years, while £51.9m is payable between two and five years. The remaining balance is due within the next 12 months. United said payments relating to their latest transfers would be due within five years.