Manchester United is striving to overcome its financial crisis, but the situation continues to deteriorate.
The club’s debt and outstanding transfer obligations have now reached £1.15 billion, according to the 2025/26 financial report. This includes an additional £90 million borrowed from a revolving credit facility to fund summer transfers.
The breakdown of the debt is as follows:
– £578 million in historical debt (after summer refinancing)
– £200 million drawn from a £400 million standby credit facility
– £375 million in unpaid transfer fees, with a net amount of £307.1 million, of which £193.3 million is due within the next 12 months.
During the past two years, the club has reduced its workforce by nearly 30%, cutting staff numbers from 1,127 to 805.
The internal media department was hit hardest, shrinking by 45%, followed by the commercial department, which was reduced by 44%. Additionally, 161 positions were eliminated in the administrative sector, including ticket sales, and 60 roles were cut among football staff, such as scouts and academy coaches.
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