
Manchester United is in trouble. According to British media, the club's debt has reached its highest level in history. We are talking about net debt and the figure is $1 billion.
This is the first time in history that an English club has reached such a level of debt. The reasons? Simple. The “Red Devils” have taken out loans for transfers in recent years.
Manchester United co-owners INEOS and Jim Ratcliffe have pushed ahead to cut costs, but you can't do much with wage cuts.
Kubi is continuing to restructure to reduce operating costs, but it also needs a renovation of its sports grounds. The possibility of selling shares is not ruled out.
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