Kieran Maguire: The reality of Manchester United’s finances

By Kieran Maguire – @KieranMaguire


Manchester United revenue down 20% in first quarter of 2020/21 and have gone from a profit of £11m to a loss of £27m. Net debt up £56m compared to same date last year.

Wage Bill

Manchester United wage bill up slightly due to bonuses for qualifying for Champions League.

Cash Flow

Manchester United spent cash of £71m in the three months to 30 September 2020 compared to £176m the previous year.


In 2010, Manchester United Limited paid a dividend of £266 million to shareholders. The Glazer owned and controlled company presently pays dividends of £22 million per year.

Interest charges

Manchester United have paid £837,000,000 in interest charges since they acquired the club in 2005.

Published by The Baron

I write about football finance, and listen to music that was last popular in the 1980's.

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