Man Utd’s first quarter financials report debt spiralling past $1bn
December 12 – Manchester United’s net debt has passed the $1 billion mark for the first time, driven by summer borrowing for player recruitment, pushing the club’s overall debt to levels not seen since the Glazer family’s leveraged takeover in 2005.
In their first-quarter accounts published Thursday, United reported noncurrent borrowings of £481 million ($644m), part of the debt mountain built over two decades since the Glazers, owners of the NFL Tampa Bay Buccaneers,
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