debt has risen 18 per cent as a result of Britain’s decision to leave the European Union.
The Brexit vote in June has triggered pandemonium in the currency markets, with the British Pound plunging to rare lows.
United’s debt is held in the United States and the Red Devils have keenly felt the impact of the referendum’s outcome, with the debt climbing to £338million in the first quarter of the financial’s absence from the Champions League has contributed to a downturn in revenue.
The financial results for the period up until September 30 were revealed by the club on Thursday, showing matchday income slipping 32.3 per cent to £16.8m. United’s overall first-quarter revenue fell 2.8 per cent to £3.4m. 
The drops can be largely put down to the fact Jose Mourinho’s side have played fewer matches compared to last season.
The figures were not all doom and gloom, however, as they showed commercial revenue is up by £3.1m to £74.3m but sponsorship revenue has fallen by £1.9m to £44.4m.revenue increased £1.5m to £29.1m, thanks to their cut of the staggering £5.14billion TV rights deal which kicked into action this term.
Executive vice-chairman Ed Woodward said: ‘While our financial results for this quarter reflect the impact of our non-participation in the UEFA 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.’ 


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