Manchester United spent a further £30.3m on legal fees and other costs related to Sir Jim Ratcliffe's deal to buy 27.7% of the club, their latest accounts have revealed.
The financial results covering the final three months of 2023 showed that £9.6m had been spent so far on the deal, which was agreed in December but only fully ratified in February of this year. A further £30.3m has now been spent on the fees connected to the agreement, taking the total to £39.9m.ALSO READ: Manchester United still in talks with free agent despite three transfer bids
A large chunk of that capital has also been used to help reduce the club's revolving credit facility, which stood at £143m at March 31, 2024, down from just over £200m the previous year. United's latest financial results showed a net loss of £71.4m for the first three months of this year, up from £5.6m from the same quarter a year ago.
United's debt for the quarter remained $650m, which is unchanged from a year ago. A change in the exchange rate means the debt in GBP has dropped from £521.5m to £511.3m.