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Big summer spend? Man Utd take out £140M loan

Manchester United have taken out a massive loan ahead of the summer market.

The Daily Mail says United have taken out a bumper £140million loan that could be used to buy players in the summer transfer window after being hit hard by the coronavirus pandemic.

No football has been played in the Premier League since mid-March, heavily impacting broadcasting and matchday revenues across the league.

Based on government guidance and agreed medical protocols, play is expected to resume in June but finances have been hit hard with no matches for two months and counting.

United, therefore, have drawn £140m of their £150m syndicated revolving credit facility (RCF) in order to spend some cash in the next transfer window.

The club have been linked with the likes of Aston Villa captain Jack Grealish, Borussia Dortmund's Jadon Sancho and Leicester and England star James Maddison, all of whom would cost big bucks this summer.

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Paul Vegas

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