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

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

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Tables
TeamPWDLFAGDPTS
CLiverpool33292272254789
2Manchester CityMan City33213981344766
3Leicester CityLeicester33177963313258
4Chelsea331761060441657
5Manchester UnitedMan Utd331510856332355
6Wolverhampton WanderersWolves33131374536952
7Arsenal33121384941849
8Sheffield UnitedSheff Utd33121293433148
9Burnley33137133746-946
10Tottenham HotspurSpurs32129115144745
11Everton32128124047-744
12Newcastle UnitedNewcastle331110123545-1043
13Southampton33134164255-1343
14Crystal Palace33119132840-1242
15Brighton & Hove AlbionBrighton33812133544-936
16West Ham UnitedWest Ham3387184058-1831
17Watford33610172952-2328
18Aston Villa3376203662-2627
19Bournemouth3376203259-2727
20Norwich CityNorwich3356222561-3621

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