Manchester United are reportedly (via Manchester Evening News) set to pay a whopping £11 million in dividends to their shareholders on Friday (June 24). The majority of the said dividends are expected to go to the club’s owners, the Glazer family.
Manchester United endured a torrid campaign in the 2021-22 season. The Red Devils faced early eliminations from the Champions League, FA Cup, and the League Cup and even failed to secure a top-four finish.
Erik ten Hag has been brought in to steady the ship, but the Dutchman has not yet had success in luring away top talents to Old Trafford. “Haggling over transfer fees” has reportedly played a part in United’s dry spell in the transfer market.
At such a tumultuous time, the news of Glazers family members taking major cash payouts is likely to ruffle some feathers. As per MEN’s report, most of the dividends are split between the six Glazer family members who hold shares at the club. Last year, the Glazers accumulated £8 million in dividend payments (£10.7 million total). Dividends are generally paid twice every year; once in January and again in June.
Last month, it was confirmed that Manchester United’s debts were now closer to the £500 million-mark, an 11.8 percent increment from last year. The Glazer family members have regularly taken money out of the club, angering the supporters.
United legend Gary Neville recently called out their behavior, stating that they should turn it down and focus on the betterment of the club (via talkSPORT Edge).
Paul Pogba set to leave Manchester United for Juventus for a second time
Having failed to tie him down to a long-term contract, Manchester United are set to lose Paul Pogba to Juventus on a free transfer for a second time.
At a time when the club are in huge debt, Pogba’s free departure is likely to sting the Old Trafford outfit.
Pogba, who rose through the Red Devils’ academy, joined Juventus as a free agent in 2012. He developed his game and emerged as one of the best in the business, impressing his boyhood club. In 2016, Pogba returned to Old Trafford for a whopping £94.50 million fee, becoming the club’s most expensive acquisition.
Unfortunately, he failed to live up to his potential in Manchester, often struggling to make an impact in decisive matches. Now, six years later, he returns to Juve again as a free agent, looking to rediscover his form ahead of the 2022 World Cup.
Also Read: Happy Birthday Lionel Messi: 5 amazing records held by the Argentina legend
Interested in sports other than Football? Click here
Sapcdiptz
0
man united do not need to buy players ;they can bring in players from academy but first they must bring unity in the team
baymopuz
0
man United is the stupid club I have ever come across with
Wedesneh07
0
even the academy players they have recruited where are they
Wedesneh07
0
Utd can’t do a reinforcement in a squad that has had a lot humiliation in the hands of middle table clubs but can afford to shell out £11m to shareholders .
do u know maybe the people they are trying to chase away are the one delaying the transfer of players
sekekpstz
1
manchester utd
Pihaiklpy
0
Man. Utd should STOP buying players, instead, should RECRUIT players from its Academy... that should be an everlasting solution to her current problems...
even the academy players ain't good enough bro
Pihaiklpy
0
Man United always having something to share But nothing to cheer
zupdemotu
0
these fools need to be kicked out of man u
mohaeiort
0
Manchester united should get ready for religion next season 😂🤣
if you want to troll, get your spellings right.
Fikkouy
1
Utd can’t do a reinforcement in a squad that has had a lot humiliation in the hands of middle table clubs but can afford to shell out £11m to shareholders .
mehblnp
1
Man. Utd should STOP buying players, instead, should RECRUIT players from its Academy... that should be an everlasting solution to her current problems...
voacdilruy
0
Manchester united should get ready for religion next season 😂🤣
PanAteLexis
2
I don’t get why Manchester United needs to pay 11m dividends to a board that’s not doing their Job
Bebaekluyz
0
Glazers is not Manchester United problem, the club is under a curse and they need to know this now or it will even hit them more harder,if you check United for many years now you will see that they have players but they are not delivering,is it the Glazers who is the responsible for that, the club need to find out what is wrong with the club before it will get more worst
Brendanobi
1
the worst president in history. if not that I love Manchester United, I would have said is good payback for what British did to Roman abramovich.
malablata
1
Too much of this mumu club, we need other better and healthy news. Leave them with their so-called legends, they are capable of the criticism.
SMHellas
1
That 11 million could get a couple of deals over the line. A deal that is close and needs 4 or 5 million more to get done may now be jeopardized. Thanks guys