Manchester United have the highest net debt in world football, according to a bombshell Uefa report

MANCHESTER UNITED top a recent report released by Uefa on clubs net debt in Europe with the Red Devils debt standing at £465m. 

The clubs debt has grown by 25 per cent in the last year whilst for the rest of the continent, net debt has decreased each year for the last five.

This news will not go down well with Man United fans who are still angered by the debt being heaped on the club since the Glazer family bought the club in 2005.

Although the club tops a league that they would rather be bottom of, United are still a huge financial attraction for oversea investors and sponsors.

As reported by the Independent, the Uefa report does go on to highlight that the level of debt should be viewed alongside the generated revenue and long term assets which with United's global appeal, is a massive strength.

Man United's debt is almost equal to the annual revenue and only 80 per cent of assets, so the club are no way near any trouble of collapsing.

However what will be a concern to the English game is that they have two clubs in the Uefa's top 10 in debt and only one of them are a Premier  League outfit.

QPR, recently a top - flight side in 2015 before they were relegated to the Championship, are the fifth club in the most debt, above European giants AC Milan and Juventus.

Financial Fair Play have loosened their restrictions on clubs breaking even, for fear of the top sides not qualifying for the Champions League.

The punishment was to be disqualification from Uefa's top club competition, but the governing body were worried the tournament would lose its value, because supporters would not want to watch the Champions League without the 'big teams' being involved.

That is why Man United's debt has been allowed to grow by 25 per cent over the last season, although they are not competing in the Champions League this campaign they still qualified for a Uefa competition in the Europa League.

Premier League clubs are now not concerned by FFP and with the new TV deal in to its first of three seasons, most, if not all of the 20 clubs can cope with some considerable amount of debt and still be able to buy players.

Manchester City were fined £42m by Uefa in 2014 for breaching FFP rules but now such punishments are not likely to hit the super clubs, paving the way for them still to compete for the top competitions and grow their world profile.