The Red Devils spent big on wages and transfers last season with arrivals such as Cristiano Ronaldo and Raphael Varane.
The Glazers have increased Manchester United’s debt by £95m in the last year[/caption]
But fans also returned to Old Trafford following the pandemic, which allowed the club to increase its revenue by 18 per cent.
Revenue is up to £583m yet the club still reported a huge net loss which works out as £2.2m a week.
The main factor behind such a loss is the sharp rise in wages, which are up by 19 per cent.
That means United spent a Premier League record £384m on wages last year alone, up by £62m from the previous season.
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On top of that United increased their debt by 22 per cent and the figure they owe stands at £515m – up £95m from £420m.
The results follow on from the previous year when the club recorded an annual loss of £92m – but that could be partly explained by the impact of the pandemic.
The Red Devils have also been hit by a decline on the stock market too.
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In June shares dropped to a record low – plummeting by £1.3billion as they traded at £9.77, compared to £13.82 12 months earlier.
Shares have since picked up to a share price of £13.48, but that is still some way short of a value of £19.98 per share in September 2021.