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Brexit vote sees Manchester United's debt rise 18 per cent to £338m

Manchester United's debt has risen 18 per cent as a result of Britain's decision to leave the European Union.

The Brexit vote in June has triggered pandemonium in the currency markets, with the British Pound plunging to rare lows.

United's debt is held in the United States and the Red Devils have keenly felt the impact of the referendum's outcome, with the debt climbing to £338million in the first quarter of the financial year.

Zlatan Ibrahimovic's Manchester United have seen their debt rise to u00a3338million
Zlatan Ibrahimovic's Manchester United have seen their debt rise to £338million

Furthermore, the club's absence from the Champions League has contributed to a downturn in revenue.