Man Utd still £1bn in debt with £63.5m spent on new stadium

Manchester United reporter Published 50 minutes ago Manchester United's overall debt remains over £1bn despite Sir Jim Ratcliffe's extensive cost-cutting measures, with the club also confirming it has spent £63.5m buying land for their new stadium.

Amid a backdrop of fan protests and a disappointing start to the season that has left United 12th in the Premier League and already out of the EFL Cup, United have announced record revenues of £677.6m and a £22.6m operating profit despite not playing in Europe for the first time in a decade.

However, while they have saved £8.5m of a projected £16.5m pay-off to axed boss Ruben Amorim after he accepted a job at AC Milan, other costs have increased.