English Premier League club Manchester United has reportedly had to take out yet another loan – this time for £60,000 – as it net debt continues to rise because of an ongoing global crisis and its effects on sports and fans not being permitted in stands. The club is now sunken in net debt of around £455.5 million.
The club confirmed earlier this week that the £60m loan was accessed via an available £200 million credit line, and that the funds will be utilised to help quell the overall situation of indebtedness.
But despite Man-U’s debt war, the demand for football remains as strong as ever before, said executive vice chairman Ed Woodward during his announcement of club’s Q2 financial results this week. He referred to the current dilemma as the level of crisis that only happens “once a century” and added that the hope was that fans would soon be welcomed back to Old Trafford and they would ultimate rally behind the team leading to better sports betting odds and bring the glory days back to Manchester .
Woodward said the global crisis had been something that truly tested the club’s values and even its resilience, and that supporters back in stands was now being banked on as a future lifeline. He added that the ongoing successful roll-out of vaccines across the UK, as well as the plummeting rates of infections across the country, are making the club feel particularly hopeful about a positive “roadmap” by government for getting out of the deadly grip of crisis.
Manchester United are currently ranking second in the Premier League and have 11 matches left to be played.
| Rank | Site | Bonus | Bet | |||
|---|---|---|---|---|---|---|
| 1 |  | Ladbrokes |  | 5/5 | 100% Match up to $250 | Bet now Review |
| 2 |  | Picklebet | | 4.9/5 | Login to see promotions | Bet now Review |
| 3 |  | Palmerbet | | 4.8/5 | 100% Match | Bet now Review |
More About Jennie Martin
After completing her degree, Jennie Martin began her journalism career by working as an intern on the entertainment pages. However, her passion for sport was quickly noticed, and she began covering local events.
She now puts her considerable expertise and more than a decades worth of experience to good use, keeping readers up to date on Australian and international sports betting news.
From the latest sporting results to the thrills and spills of the online betting industry, Jennie is the australiansportsbetting.net expert in the field.
You May Also Like:
Australia Cup Semi-Final 2024: Key Matchups and Betting Tips
The 2024 Australia Cup is reaching its climax, and the semi-finals promise to be an exciting spectacle for fans and Aussie sports betting enthusiasts alike. The quarter-finals, which concluded on ….
Man U Weighing Up Old Trafford Options
Manchester United are laying several options on the table regarding updating Old Trafford. And these reportedly include bulldozing the entire stadium and building a new one in its place. Even ….
Wyss & Boehly Confident In Chelsea Bid
Billionaire businessmen Hansjorg Wyss and Todd Boehly say they’re feeling confident that their bid to acquire English soccer club Chelsea will be successful. They’re reportedly due to begin formal negotiations ….
Nike Withdraws Mason Greenwood Support
Sports wear giant Nike this week became the latest to add their voice to the Mason Greenwood saga. A statement issued by the company confirms it no longer regards the ….
Former Players Demanding FIFA VP Suspension
Several former members of The Vancouver Whitecaps are demanding the immediate suspension of FIFA Vice President Victor Montagliani. The players, who represented the Whitecaps in the 2008 and 2011 seasons, ….