Manchester United debt rises to more than £514m as record wage bill revealed

Manchester United have announced a loss of more than £115million for last season (Nick Potts/PA)

Manchester United have announced a net loss of £115.5million for the 2021-22 season even though revenues rose by 18 per cent to £583m.

Figures released incorporating the final quarter of their financial year, which ended in June, showed losses rose by £23m on the previous 12 months.