Man Utd debt hits £714m as cost of hiring Ruben Amorim hits €12.6m

Manchester United are currently having a bad time on the field of play and this is also the case off the pitch as their debt hits a staggering £714m.

Manchester United’s minority shareholder, Sir Jim Ratcliffe, has been taking new measures to cut cost at Old Trafford but things have not changed. In July he released 250 employees in a decision related to cutting costs.

Latest financial statement has now revealed United are swinging in debt.

A statement in the first quarter’s accounts just filed, said: “Exceptional items (redundancies) for the quarter were a cost of £8.6 million. This comprises costs incurred in relation to the restructuring of the Group’s operations, including the redundancy scheme implemented in the first quarter of financial year 2025. Exceptional items in the prior year quarter were £nil.”

According to the quarterly accounts filing United’s total debt is now £714 million due to non-current borrowings of £481.7 million and current borrowings of £232.3 million.

The club said it made an operating loss of £6.9 million for the first quarter of the 2024-25 financial year.

United signed Matthijs de Ligt and Noussair Mazraoui in the summer (Photo by Manchester United/Manchester United via Getty Images)

United spent heavily in the summer to bring in Joshua Zirkzee, Leny Yoro, Matthijs de Ligt, Noussair Mazraoui, and Uruguayan, Manuel Ugarte.

The club transfer fee in the summer was £205 million while another financial burden was placed on the club following the recent dismissal of head coach Erik Ten Hag.

Reports indicate that the club will owe the Dutch manager a severance package estimated at around £16 million ($19.4 million).

Erik ten Hag’s replacement, Ruben Amorim, hasn’t come cheap either.

United paid €11 million to secure Amorim’s release from Sporting, along with an additional €1.66 million in “intermediation commissions” related to the 39-year-old not having to work his full reported 30-day notice period.