Brexit and no champion league have added £51.5m to Manchester United debt. The club’s overall debt is now £388m but the club executive vice chairman Ed Woodward said there is nothing to worry about. He stated that the club is on course for a record revenue of about £530m to £540m this financial year.

He said: “While our financial results for this quarter reflect the impact of our non-participation in the Champions League, we are pleased that we remain on track to deliver record revenues for the coming year.

“During the quarter we added a number of top quality players to our squad, which once again demonstrates our determination to challenge for trophies.” Manchester United spent nearly £150m on transfers in the summer.