Manchester United debt rises to £380.5m, revenue drops due to no Europe

Manchester United's overall debt has risen to £380.5m and their revenue has fallen due to the lack of European football at Old Trafford.

Chief executive Ed Woodward delivered the Premier League club's latest financial figures from October to December 2014 in a conference this morning.

It has been revealed that United's Q2 revenue dropped to £105.7m due to the absence of European competition, while TV revenue has also taken a hit, which is down almost 40% from the North-West outfit's previous numbers.

In contrast, the club's commercial revenue has increased to £46m.