Manchester United have agreed a new $550m (£410m) funding deal that will see interest rates on part of their £1bn-plus debt rise from 3.79% to 5.36%, underlining the growing cost of financing the club. The money will be used to prepay $425m (£317m) in bonds that were due to mature on 25 June 2027, while also providing extra financial flexibility.
The club’s finance chiefs spent over 12 months renegotiating the terms, accepting it would be impossible to match the previous low rate. United said the new borrowing covers “general corporate purposes” as well as settling the earlier notes. In the third quarter to 31 March 2026, net finance costs hit £20.3m, and £55.7m for the previous nine months, partly blamed on an “unfavourable swing in foreign exchange rates”.
“Manchester United agree $550m debt deal with interest rising to 5.36%, as club targets West Ham's Crysencio Summerville.”
The move comes as United owe £1.29bn overall, including more than £500m in liabilities largely from outstanding transfer fees. Since the Glazer family’s 2005 leveraged buy-out, the club has paid an estimated £852m in interest alone, according to football finance blogger Swiss Ramble. United have also extended a $225m (£168m) secured loan from 2029 to 2031, with interest between 1.25% and 1.75% above the Secured Overnight Financing Rate.
Despite the rising debt costs, United are among the clubs showing interest in West Ham winger Crysencio Summerville, who scored on his World Cup debut for the Netherlands in a 2-2 draw with Japan. West Ham were relegated to the Championship and are in no rush to sell, though they accept it will be difficult to keep the 24-year-old. A fee in the region of £45m would get talks started, with PSG also keen.
Tottenham, who considered Summerville in January, remain interested, but are in unofficial talks with Manchester City over a move for Savinho. Manchester United are described as being “on pole” for Summerville provided Real Madrid do not push for the Dutchman. The club also admire West Ham midfielder Mateus Fernandes, valued at around £80m, with Arsenal and Real Madrid among the suitors.
United have other options on their radar, including Iliman Ndiaye and Morgan Rogers, while Liverpool scouted Summerville in 2024 but have not entered the fray. The club’s new largest shareholder Daniel Kretinsky insisted West Ham do not need to sell, leaving United to balance their transfer ambitions against the financial pressures revealed in the latest debt restructuring.