Manchester United In Debt Nightmare, In Worse Shape Than Greece

Manchester United

Manchester United, arguably the world’s most famous soccer team, are in a worse debt position than Greece and Ireland, according to analysis by City Unslicker.

The club announced an £83.64 million ($133.4 million) loss today. Profits were, however, the highest ever in club history, at £100.3 million ($159 million), according to Soccernet.

The big concern for the club, however, is its level of debt and the costs of servicing it.

City Unslicker’s analysis shows Manchester United to have a “debt to GDP ratio” of 182.4. In comparison, Greece’s ratio is 113. On top of that, the interest rate on United’s debt is 8.75%.

The club claims they don’t need to sell players to make debt payments, but, according to City Unslicker, the club are spending 40% of revenues on debt payments.

Read City Unslicker’s full analysis here >

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