Red Devils Deepen Debt! Manchester United Borrows $125 Million, Interest Rate Soars to 5.36%

Manchester United has completed a $425 million refinancing of its old debt, adding $125 million in new long-term liabilities, with the interest rate rising to 5.36%. The club's total debt stands at around £728 million, stemming from the Glazers' leveraged buyout in 2005. The structure includes senior secured notes, term loans, and revolving credit. Interest costs are increasing by approximately £10 million annually, which may weigh on the new stadium project but provide cash for the summer transfer window. CEO Berrada stated that the club can remain competitive and profitable under this debt burden.