Manchester United have published their financial report for Q2 and, surprise, surprise, they still owe absolutely tonnes of money.
Sharing the figures for the three months leading up to 31 December on Thursday as we approach the end of the tax year, the club revealed that, in total, the club still owe just shy of £1 billion in various outstanding sums.
Not only does this mark nearly 18 years of debt since the Glazer leveraged buyout in 2005, which immediately put them in over £500 million’s worth of debt, but it also means that the total amount has grown larger and the chances of an imminent takeover are now even more likely.
Breaking down the figures into different sections, Sky Sports News’ Kaveh Solhekol explained how although’s United principal debt remains at approximately $650m, a change in the exchange rate meant they owed £535.7m compared to £477.1m at the same point in the previous year. It’s still growing…
🔴 Breakdown of Manchester United's Q2 financial figures
📈 Debt up to £535m 📈 Borrowed £206m – totalling £741.9m ❌ Glazer family will not be taking a dividend in this quarter 📉 Wage bill is down 21% – decrease of £20.4m
In case you weren’t aware of just how much United still owe…
Through a combination of gross debt, bank loans and transfer costs with associated fees still yet to be paid, the club owe a whopping £969.6m in outstanding sums. Crikey.
On top the flat rate of debt, £206.2m has been taken from a rolling credit facility (various loans), with another £227.7m owed in outstanding transfer fees, having spent £211.5m on incoming players last summer and a further £49m in the January transfer window as well.
On the other side, despite an increase in debt has increased and overall revenue dropping by 10%, commercial revenue is said to have increased by 43.2% from just £6.3m to over £50m.
The board have insisted to the BBC that figures are evidence of a “stretched” financial situation and that income such as ticket sales are looking as “impressive” as ever. However, it is also worth noting that wages have only gone down mainly because the team dropped out of the Champions League.
Furthermore, although none of the Glazer family members took out a dividend for the first time in six years, they also failed to have an investors’ call following the latest financial statement given the ongoing discussions with bidders looking to buy them out.
There are still said to be as many as eight candidates looking to buy the club, with Sir Jim Ratcliffe and the Qatari’s still leading the race — though new legislation on ‘fit and proper’ owners soon to be brought in by the Premier League could prove problematic for the latter given their human rights record.
Elsewhere, one of the other bidders is Finnish businessman Thomas Zilliacus, whose approach to buying the club is an interesting one, to say the least, and while potentially ‘debt free’, it would take some doing.
The proposal even involves an app where fans will 'control club decisions'.https://t.co/Im5qgDyyOC
Kolo Touré joins Manchester City’s backroom staff on a permanent basis
Danny Jones
Former Manchester City, Arsenal and Liverpool defender, Kolo Touré, has now permanently re-joined the club as a first-team coach.
The retired centre-back, who finished his career at Scottish giants Celtic FC before hanging up his boots back in 2017 and becoming part of their backroom staff, has been working with Man City as part of the FIFA Club World Cup set-up.
Having clearly impressed on the road, not to mention having spent last season as Assistant Lead Coach alongside U18s boss Oliver Reiss – with the youth side winning the Premier League North title – the 44-year-old has now been given an assistant coaching job with the senior squad on a full-time basis.
Announced on Tuesday, 15 July, ahead of City’s pre-season tour getting underway next month, Kolo Touré is the latest among multiple recent appointments to manager Pep Guardiola’s ranks.
Hailing from the Ivory Coast and having enjoyed a career spanning more than 15 years, he’s considered one of the greatest African players of all time, so it’s no question that he brings a wealth of experience and leadership to the role.
Touré, who made more than a century of appearances for the Blues, began his coaching journey with the national team before assisting Brendan Rodgers at both Celtic and Leicester City.
He also spent a rather short spell at another Greater Manchester side, being made head coach of Wigan Athletic in November 2022.
But it wasn’t to be…
The older brother of fellow City club legend, Yaya, was ultimately sacked around two months later (just 59 days, to be exact) after having failed to win a single fixture in his first name games in charge.
Kolo Touré taking instructions from Pep, the chemistry’s taking shape. Brilliant to see Kolo soaking it all in from the very best. He’s here for the long haul, man. You can feel it. pic.twitter.com/RscM9rg0GS
Commenting on Toure’s appointment as first-team assistant coach, Director of Football Hugo Viana said in an official club statement: “We’re delighted to permanently add Kolo to our first team coaching staff.
“Not only does he bring his immensely precious experience at football’s elite level, but he also has a deep connection with Manchester City and a deep knowledge of the Club.
“We’ve also been hugely impressed with his work and success with our Under-18s, and by adding him to our senior staff permanently, this will only strengthen the transition for players in our Academy into the first team.
“As we already saw throughout his time with Pep Guardiola, Pep Lijnders and James French this summer, his massive personality of optimism and positivity is hugely infectious and we’re already looking forward to his work moving forward.”
In case you were unfamiliar with the latter two names, you’ll find all you need to know down below.
England cricket legend Sir James Anderson joins Manchester Originals for The Hundred 2025
Danny Jones
England and Lancashire County Cricket (LCC) legend Sir James, a.k.a. ‘Jimmy’ Anderson, has officially signed for Manchester Originals ahead of this year’s The Hundred campaign.
What a statement from the Greater Manchester side.
Now 42, the knight of The Oval and the realm is in the twilight of his career, but you’ll struggle to find many others of his ability and sheer amount of experience anywhere else in the competition.
Selected by Manchester Originals as their wildcard pick for the 2025 tournament, Anderson is set to become the second-oldest pro to ever play in the history of The Hundred.
The fast-paced cricket format only began back in 2021, but has quickly gone on to become a fan favourite, with sell-out games over at the Emirates Old Trafford and, indeed, up and down the country.
Roping in veterans like the much-loved Northern lad will only help bring more eyes to the games.
With more than 400 career appearances and nearly 1,000 wickets at international level alone over the course of more than two and a half decades in the sport, they don’t get much more iconic than Jimmy Anderson – it’s a big coup for Manchester Originals.
As mentioned, while the Lancashire-born bowler’s time in international whites may have come to an end, as well as serving as a key Roses mentor, he’s still an LCC star. Representing Lancashire Lightning in the year’s T20 Blast, ‘The Burnley Express’ has already claimed 14 wickets in his first eight matches.
Discussing his impending debut, the ‘King of the Swing’ said: “I’m really looking forward to The Hundred, and I’m really happy to be part of the Manchester Originals squad. I’ve loved my time with Lancashire this season, so I’m excited to have the opportunity to add value in The Hundred.”
“It’s a competition I’ve really enjoyed watching. When you’re at the games, you can really see that it does attract a slightly different crowd, a lot of younger people and families, and you can’t underestimate how important that is for our game. I can’t wait to get out there.”
The first lot of Hundred fixtures get underway on Tuesday, 5 August, with the first home match at Old Trafford Cricket Ground welcoming the toss the following day (Wed, 6 Aug).
You see the rest of The Hundred 2025 wildcard draft picks in full HERE.
Danny Jones -
31st March 2023 
