The Premier League panel's report has revealed that Manchester City's income was overstated by over £830 million. This indicates that the club's owners circumvented the league's financial regulations by inflating sponsorship income over several years.
Context
The report's findings came just days after Manchester United filed their end-of-year accounts to the New York Stock Exchange for the period ending 30 June 2026. These accounts disclosed an interest payment of £37 million, up from £34 million the previous year. Notably, respected football finance blogger Swiss Ramble estimates that United's net interest payments since the Glazer takeover in 2005 have reached £852 million.
Many fans from both Manchester clubs have noted that while one ownership group invested heavily in City, it resulted in significant interest payments for United.
Financial Overview
United's latest accounts included a statement from chief executive Omar Berrada:
“"While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable."
This statement follows a third-place finish in the Premier League, marking a return to the Champions League after a two-year absence. The club reported record revenues of £677.6 million, with projections reaching £760 million for the 2026-27 season.
