Manchester United announced a rise in debt on Thursday as they released their financial figures for the end of the fiscal year. But the club also painted a prosperous picture for the future, revealing a forecast of record revenue.
As reported by Liam Prenderville of the Daily Mirror, the Red Devils’ gross debt has increased from £341.8 million to £411 million, with the strengthening of the American dollar reportedly a key factor in the rise. The club’s net debt did fall by 7.3 per cent, though.
It was also noted the club have forecast a record revenue of circa £500 million for the upcoming term.