owe more than £1billion through a combination of gross debt, a revolving credit facility and outstanding transfer payments. And new figures released have revealed the extent of the money owed. Advertisement While their gross debt remained at $650m , United borrowed an additional £160million on their revolving credit facility, taking their overall borrowing to £773m. Their full set of accounts show that they owe £317.8million in outstanding transfer payments.
United’s revolving credit facility is thought of by some as a company credit card; when the Covid-19 pandemic struck, United gained a line of credit with Bank of America Securities to aid cash flow and this is the means by which they have paid for various transfers in the past few seasons. The signings of and , for instance, were funded using this short-term borrowing. The Glazer family put Manchester United on the market last November.