Man Utd borrowing £60m to assist cash flow


Manchester United are borrowing £60million to support the cash flow of the club.

The news was confirmed on Thursday as the Red Devils announced their second-quarter results between December 31 and March 4.

Last year United took out a £200m rolling credit facility as a safety precaution against a significant drop in revenue while the world continue to adjust with the lockdown measures.

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And it is estimated that they have lost over £100m in income as a direct impact of these lockdowns.

On Thursday, the club revealed that their matchday income had fallen 94.2 per cent from £55.2m to £3.2m over the corresponding six months in 2019.

United’s penultimate match of the season, at home to Fulham on May 15, could host fans and executive vice-chairman Ed Woodward is excited about the return of supporters to Old Trafford.

“In the near-term, our focus remains on preparing for the return of fans to Old Trafford,” he said.

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“Initially this will be with limits on capacity, but we are hopeful of crowds ramping back up to full capacity next season.”





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