It’s in two parts the debt the Glazers bought the club with and then their operating debt. The operating debt has gone up with their summer transfer activities, which is shocking considering all the lay offs they made to save money. Their policy of paying for players over an extremely long period of time means they are still paying for Sancho and Casemiro’s transfers as an example. They simply don’t have the cash reserves to pay up front to shorten the payment periods.
The piss funny thing is after all the noise the raggy fan base made about boycotting the Glazers and reducing their revenue streams. The merchandising and retail part of the business was one area of the business which showed growth from last years accounts. You can’t make this shit up.