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Sports · 3 hours ago

Manchester United debt stays over £1bn despite cost cutting efforts

Manchester United debt stays over £1bn despite cost cutting efforts

Manchester United's overall debt remains above £1bn, even with extensive cost-cutting measures by Sir Jim Ratcliffe. The club also confirmed it spent £63.5m buying land for a new stadium, which is likely to cost more than £2bn. Net finance costs for the year increased by 228.3% to £69.6m, largely due to a foreign exchange loss.

Reported by BBC · How we write briefs

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