Manchester United's debts have increased: the club refinanced its obligations and attracted another 125 million...

Manchester United has carried out a major refinancing of its long-term debt obligations, increasing the amount of loans by another $125 million. This was reported by The Athletic with reference to documents submitted to the US Securities and Exchange Commission (SEC). According to a source, the club has reviewed the terms of its $425 million secured bonds due in 2027. After refinancing, their volume increased to $550 million, and the deadline for payments was moved to 2031. At the same time, the new agreement provides for a higher interest rate — 5.36% instead of 3.79%, which has been in effect since 2015. This will increase Manchester United's annual debt servicing costs by around £10m. For comparison, in the 2024/25 season, the club spent about 37 million pounds on interest payments. As noted, after the completion of the refinancing, Manchester United's total financial debt reached approximately £728 million. Separately, the club still has around £360m of transfer liabilities, with more than £200m of that to be paid over the next year. Much of the current debt is a legacy of the Glazer family's controversial takeover of the club in 2005. At the time, Manchester United were saddled with more than £600 million in debt. The club explained that new borrowings will be used to repay previous debts, as well as for general corporate needs. The publication also notes that such a financial strategy corresponds to the approach of Sir Jim Ratcliffe's INEOS, which regularly uses refinancing mechanisms to manage its assets.