曼城因虚报赞助收入超过8.3亿英镑而遭英超处罚，这一丑闻引发了对英超俱乐部财务透明度的审视，也将焦点投向了财务状况同样承压的曼联。1
曼联自2005年被格雷泽进行杠杆收购以来，累计利息支付已达8.52亿英镑，债务规模从2021年6月的6.67亿英镑激增至2025-26赛季的11.5亿英镑。1
曼联面临多重财务压力的夹击。1球队工资总额已达3.02亿英镑，占收入比例高达45%。12024-25赛季转会支出为1.48亿英镑，而在转会债务中，2027年6月前的应付金额达2.18亿英镑。1同时，俱乐部新增借债9000万英镑用于运营，新球场用地项目支出也达6350万英镑。1虽然曼联刚在2024-25赛季完成英超第三名的成绩重返欧冠，但该赛季欧罗巴杯决赛奖金仅为3100万英镑，远不足以缓解财务压力。1
面对这些困境，曼联CEO奥马尔·贝拉达表示"我们将继续采取纪律严明的方法确保财务可持续"。12023年6月，英超投票通过了新规定，将杠杆收购上限定在俱乐部价值的约65%。1
The controversy surrounding Manchester City's inflated sponsorship revenues has drawn attention to the financial challenges facing Manchester United. Manchester City faced sanctions from the Premier League for overstating sponsorship income by more than £830 million.1 Manchester United's debt burden has grown substantially since the Glazer family's leveraged takeover in 2005. The club has accumulated £852 million in interest payments over that period, with total debt reaching £1.15 billion in the 2025-26 financial year, a significant increase from £667 million in June 2021.1
The club incurred £90 million in new borrowing and spent £63.5 million on new stadium land during this period.1 Additionally, Manchester United faces £218 million in transfer obligations due before June 2027.1 Manchester United's wage bill for the 2025-26 season stands at £302 million, representing 45% of revenue.1 Transfer spending reached £148 million during the 2024-25 season.1
Despite finishing third and securing Champions League qualification, the club must balance debt servicing, player investment, and new stadium financing. CEO Omar Berrada stated: "We will continue to take a disciplined approach to ensure financial sustainability."1 The Premier League moved to address leverage concerns in June 2023 by capping leveraged buyouts at approximately 65% of club valuation.1
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