Transfer Centre

Manchester United 'take out £140m loan to fund summer deals'

By Barney Corkhill, Editor | 27 May 2020

Man Utd 'take out £140m loan to fund summer deals'

Manchester United take out a loan of £140m which could reportedly be used to fund deals for their top summer transfer targets when the window reopens.

Manchester United have taken out a loan worth £140m which they could reportedly use to fund their summer transfer plans when the window reopens.

The Red Devils have been tipped as one of only a handful of clubs still capable of spending significant money after the coronavirus lockdown, with a number of high-profile players linked with moves to Old Trafford.

Jadon Sancho, Saul Niguez, Kalidou Koulibaly, Jack Grealish, Harry Kane and Moussa Dembele are just some of the names mentioned as possible transfer targets, despite executive vice-chairman Ed Woodward warning that mega-money deals may not be possible.

The Daily Mail reports that United have received a £140m cash injection from their revolving credit facility (RCF) in order to 'preserve financial flexibility and maintain liquidity'.

Full payment is due to the Bank of America by 2025, but in the shorter term United could use the funds to boost their transfer budget in order to land some of their top targets.

The club's overall debt now stands at more than £400m, according to their latest financial figures.