Manchester United are gearing up to pay their usual semi-annual dividend - with more than £11million set to flow out of the club - mostly into the pockets of their owners, the Glazer family.
With the club yet to make a move in the January transfer window, United will be paying out this window in the form of returns to shareholders.
United currently pay out a dividend on all of their shares of $0.09 (£0.07) per share and, with a little under 165 million shares in circulation, $29.6m (£22.7m) is paid out in dividends every season in two tranches.
The bulk of shares belong to the six Glazer siblings on the United board. Avram, Joel, Kevin, Bryan, Edward, and Darcie all own 120,000,000 Class B shares between them. The shares carrying almost all of the voting power and are not available for public purchase.
Some of United's Class A shares - the ones that are traded - carry almost no voting power and Class B shares that can be swapped 1:1 are also held by the Glazer family. More than half a million are held by Avram, Joel, Edward and Darcie.
Up to 30 June 2019, executive vice-chairman Ed Woodward was also in possession of some 539,146 Class A shares - which translates to a little under $100,000 per season in dividend payments.
United's annual report for 2018-19, published in November last year, contains 199 uses of the word 'dividend' and stated: "We currently intend to continue paying regular semi-annual cash dividends...from our operating cash flows."
The club's more recent financial results up to 30 September 2019 also explained: "A regular semi-annual cash dividend on the company's outstanding Class A and Class B ordinary shares of $0.09 per share is expected to be paid in January and June 2020."
In 2018-19, the club paid out £23.3million in dividends, measured at the current exchange rate.
These payments began flowing out of United in 2015, meaning more than £100m has been paid out in dividends since that time.
United manager Ole Gunnar Solskjaer insists he has the backing and resources to spend in the winter window if the right profile of player is available. Solskjaer reiterated on Friday morning United do not expect many incomings or outgoings with three weeks until deadline day.
Left-back Ashley Young is keen to join Inter Milan this month just six weeks after United said they had shelved plans to sign a left-back.
vocbikrstz
0
f***k u Glazer's we appreciate your rubbish [ko]
AdPrayer
0
United fans Will continue to have excruciating pain cos Glazers only want to make money, No wonder Ferguson was about crying in the last match and refused to make comment!
MisterJohnson
0
oh course they will sign Bruno Ferbandes to try to quite the fan unrest for a bit. Do not fall for it and for God's sake do not buy Fernandes kit if he is signed. It's what they want you to do.
vuploruz
0
a pair of crooks the Glazers
ronaldo and messi
4
can we get that rich Saudi Arabian prince. I want United to get a taste of oil money
meaaikmrtz
1
human error we all make mistakes I n our ownways.are these Glazers,serious about many?why are they not ploughing back these profits by way of recruiting new players?
haaadeikms
1
Glazers are keeping club in debt. hope Brexit has a clause to keep 60% of profits in clubs
haaadeikms
1
no new recruits. owners couting their gains. man u their bank
haaadeikms
2
bank of Manchester United. no respect to fans. ole and Woodward lackey of mass destruction.
rendentyz
0
[image]
such dreams cannot come true
Arjenrobben11
3
I'm ashamed of what this club has become. The current players, manager and Management and owners are undeservedly reaping benefits of the efforts taken by Ferguson and his players. The current squad pathetic. Overpaid and no motivation to win! Shame on this club and its players and the management
Jabcdeiuyz
0
[image]
best one
pomdiknt
0
pomdiknt
0
pomdiknt
0
Niyadrtu
0
nothing wrong here... pay them
Jamanoor88
1
Ed Woodward + United's Decision Makers + Club's structure = DISASTER
pomdiknt
0
pomdiknt
0
pomdiknt
0
pomdiknt
0
pomdiknt
0
pomdiknt
0
jowacelors
1
if fans rebel and threaten to leave man utd, surrender their memberships and stop coming to matches, maybe the club could be sold and someone serious with taking the club foward will appear
huubmr
0
l love United but this Glazer family pies me off
JerryNaulak
3
So United is all about Glazer Family business,if i have known this before becoming a united fans i will never ever choose to be red devil
DaMhztourage
2
Serious clubs are busy recruiting and funding their teams adequately , while these ones are busy sharing dividends while the team is going down in ruins ...cry for Utd 😭😭
tipdelrsy
1
No wonder, they are not interested in signing players. They are only interested in their personal gains. They need to quit before they destroy the club for us.
viabdlmnz
0
how pathetic is Manchester United by offering a 134 year old an extension to his contract and still trying to block him from leaving. Are they gone that desperate. Disgraceful
4ManUtd
0
Let me mind my business
no87nest-in-jan
0
so they are more concerned about their money than solving the problems of the team. it seems like they forgot that Man United made all this money during its glorious days and that was due to winning trophies. they should better be serious to bring the glory days back for the fans .
Jiddimpz
0
The Red Devil is made the Scapegoat for the hunger of the Glazer family.
TajemniczyPl
3
Go away assholes!! WOODWARD OUT GLAZERS OUT!!
zezcdeipu
1
We are indirectly supporting their pockets!!!