Man Utd announce record £650m revenues as Glazers don't take a dividend

Manchester United announced record revenues of £648.4million for last season with their wage bill dropping by £52.8m.

The Old Trafford club's long-term debt remains at £538million with the Glazer family deciding not to take a dividend out of the club during the 2022-23 season.

The wage bill went down to £331.4m, the figures revealed, mainly because United didn't compete in the Champions League last season.

Commercial revenues exceeded £300m for the first time but despite the record revenues, the club still recorded a £42.1m loss for 2022-23.