United confirm staggering rising debts

English Premier League

Manchester United have revealed their debts have risen close to £430-million amidst the coronavirus pandemic.

The Premier League giants released their latest financial figures for the third quarter which displayed an increase of debts from £127.4m to £429.1m as the suspension of football continues to cause havoc for clubs around the world.

According to ESPN, the major signings of Bruno Fernandes and Harry Maguire played a significant role in the concerning figures whilst the Red Devils last competitive fixture dates back to 12 March.

However, executive vice-chairman Ed Woodward feels there's no reason to panic and ensured fans the most successful club in English football will overcome the latest obstacles.

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"Our focus remains on the health and well-being of our colleagues, fans and partners around the world and we are extremely proud of how those connected to the club have responded during this crisis," Woodward said.

"Since the start of the pandemic, Manchester United and our Foundation have provided assistance to hospitals, charities and schools in our communities, as well as support for frontline workers and vulnerable fans.

"These actions reflect our core values as a club and the resilience through adversity that we have demonstrated many times throughout our long history and will do so again to weather these current challenges."