Manchester United have announced the club’s debt have increased to almost half a billion pounds.
In the latest financial figures released by the club, Manchester United’s debt has increased from £445.5million to £494.8million.
Sacking Ole Gunnar Solskjaer and his coaching staff contributed to the debt, with United having to shell out £10m for the privilege of getting rid of them and also Cristiano Ronaldo’s massive wages have contributed to the increase in the club’s debt.
United’s wage bill has increased by £16m to a total of £97.7m for the quarter that ended in December.
This figure reflects the summer signing of Cristiano Ronaldo, who is the highest paid star in the Premier League on a deal in excess of £450,000-a-week.