Manchester United NYSE Filing Reveals £90m Net Borrowing
Manchester United borrowed a net £90m in the months after 30 June, according to a New York Stock Exchange filing that accompanied the club’s 2025-26 annual accounts. The numbers, reported by BBC Sport, set out the scale of Man Utd borrowing debt for the first time this season.
The filing lands soon after a busy summer transfer window in which United backed Michael Carrick with fresh signings. It sets out exactly how that business was funded and what the club still owes.
Financial Breakdown and Official Account Details
United’s total debt breaks down into three parts. There is £578m in historic debt tied to the club’s ownership structure, a £200m revolving credit facility, and £375m in outstanding transfer fees still owed to other clubs.
That transfer debt figure is a £72m reduction from the £447m reported in last season’s accounts, covering the 2024-25 campaign. United’s own accounts state that outstanding balances “are due within the next five years”, giving the club a defined schedule to work through.
Summer Transfer Expenditure and Squad Debt Impact
The summer’s business included three confirmed permanent signings. Andrey Santos joined on 13 July, Youri Tielemans followed a day later on 14 July, and Carlos Baleba completed his move on 25 August.
The reported fees for that trio at the time of their announcements totalled £153m combined. The accounts point to a higher overall outlay for the summer’s transfer business, though the exact difference between that total and the £153m linked to Santos, Tielemans and Baleba has not been broken down any further.
That level of investment puts real weight behind Michael Carrick’s squad building, and his selections continue to draw close attention from supporters. Our coverage of Carrick’s team selection against Everton and our recent Premier League preview has tracked how the new arrivals fit into his plans.
Repayment Obligations and Financial Timeline
United drew down £120m across three separate transactions in July and August to help fund the summer’s spending, before repaying £30m of that borrowing in September. That net movement left the club £90m worse off since the end of June.
That September repayment marks the most recent shift in Man Utd borrowing debt since the window closed. The outstanding £375m in transfer fees still falls due within the next five years under the terms set out in the accounts, giving United a lengthy but clearly defined period to settle what it owes for Santos, Tielemans, Baleba and its earlier signings.
