Man United debt climbs 55% as club spends to halt decline

MANCHESTER, England --- Manchester United's attempt to strengthen its underperforming squad has proved costly with debt rising more than 55% in a year to 384.5 million pounds ($498 million). The cost of signing Harry Maguire, Aaron Wan-Bissaka and Daniel James ahead of the new season in the first quarter of the financial year was around 140 million pounds. Although United reported record revenue last season of 627.1 million pounds, the New York Stock Exchange listed business is now expecting the 2019-20 figure to drop to between 560 million and 580 million pounds. That is due to United missing out on Champions League television and prize money after finishing sixth last season. Unit...Keep on reading: Man United debt climbs 55% as club spends to halt decline

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