Being bad at football COULD save Man United £726mn

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Financial Times 16h ago

Being bad at football COULD save Man United £726mn - Financial Times

Quick Summary:

As of December, these include £337.7mn in outstanding bonds maturing in 2027, a £178.1mn secured term loan from the Bank of America Merrill Lynch due for repayment in 2029, a £150mn revolving credit facility of which £130mn is in use, £50mn that has been drawn from a revolving credit facility with a £75mn limit, and another £30mn outstanding from a £45mn capped facility.

At 16th place in the Premier League — with only Tottenham Hotspur between themselves and the teams set for relegation — United’s men’s first team are certain to finish in the bottom half of English football’s top division for the first time since 1990, and will register their worst points return of the Premier League era.

This season the club is likely to once again achieve a financial performance that makes qualification the UCL desirable, expecting adjusted EBITDA guidance to be at the high end of its range of £145mn to £160mn.