LONDON: Manchester United’s total debt has risen to £716.5 million (US$1.17 billion) and could rise even more over the next year, according to club accounts released Wednesday.
The Premier League champions said last week that they had reduced their bank debt to £509 million (US$829 million), but the overall increase in the debts of the Glazer-family owned Red Football Joint Venture Ltd. rose £17 million largely because of the punitive interest rates on its so-called payment-in-kind loan.
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