Manchester United's Debt Tops £1bn Despite Cost-Cutting, Club Spends £63.5m on Stadium Land

Manchester United's overall debt remains above £1 billion despite extensive cost-cutting measures introduced under co-owner Sir Jim Ratcliffe, the club has confirmed, according to the BBC.

The Premier League club also disclosed it has spent £63.5 million buying land earmarked for a proposed new stadium, underscoring the scale of investment being directed toward long-term infrastructure even as the club works to rein in overall financial obligations.

Ratcliffe, who acquired a minority stake in the club and took charge of football operations, has overseen a series of cost-reduction efforts since arriving, including staff reductions and cuts to other spending areas, as the club seeks to stabilize its finances.

The persistence of the billion-pound debt figure highlights the financial pressures facing one of English football's most commercially valuable clubs, even as it continues to pursue major capital projects such as the new stadium.

The BBC report did not specify a timeline for when the new stadium project might be completed or further details on additional land purchases planned for the site.