Man United owe almost £1billion, new figures reveal | The Guardian Nigeria News - Nigeria and World News

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Manchester United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures.

The club released their second quarter results to 31 December on Thursday. Unlike previous years, there was no investors’ call afterwards as a result of the ongoing “strategic review”.

Nevertheless, the amount owed the club has grown. While the principal debt remains at $650m, a change in the exchange rate meant the club owed £535.7m compared to £477.1m at the same point in the previous year. BBC Sport has been told the figures are evidence of a “stretched” financial situation, although it is being stressed that this has already changed for the better, due to bumper matchday revenues and impressive season ticket sales – and they expect that to continue.Culled from BBCSports

 

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Instead of investigating, what English banks did to develop Man UTD , to it's present state. Apply same to your local league,in other to up lift it, you are busy body in their matter!!!.

Na why them won sell am £6Billiom......

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