Financial fair play law in England is currently a peak issue as the FA and Premier League organizers have been involved strongly recently.
There are many clubs involved and involved in violations that have been brought to light and are in the process of “completing documents”, typically Everton, Newcastle or Wolves.
Not stopping there, Man Utd is the latest team to “participate” in this unwanted race with a long line of irrefutable evidence, making the atmosphere at Old Trafford stadium at the moment. This situation has become more gloomy than ever, despite the fact that billionaire Sir Jim Ratcliffe has only been in power not long.
Accordingly, journalist Kieran Maguire, the No. 1 reputable and veteran reporter in Manchester and the famous podcast The Price of Football, recently posted in great detail the huge debt that the Red Devils are carrying right now. is the reason why MU fans are extremely worried.
Accordingly, Man Utd’s new and largest loan amounted to 773 million pounds on September 30, 2023 when the club used an additional 100 million pounds of overdraft facility.
Man Utd also owes other clubs £364 million in unpaid transfer fees.
Since September 30 the overdraft has increased to £260m, so the total for banks and transfers is now £1.197bn, a huge figure for any club in world football today. in.
In the current context where the Financial Fairness Law is being made extremely strict and strict. Many sources believe that Man Utd will have to receive a very heavy penalty right in front of their eyes. Having to play in the first division, second division, etc. is unavoidable, not just a matter of simple points deduction in the Premier League like other teams facing punishments.
In addition, Manchester City is the top giant of concern with 115 pieces of evidence of rule violations having been confirmed and a hearing has also been scheduled.