Fans of Manchester United are furious after it was announced that the Glazer family will take £11 million out of the club, despite United’s latest financial accounts showing debts of nearly £500 million. Shareholders in United will have received a dividend payment at some point today from the extracted £11 million figure, although the majority of it will reportedly find its way to the Glazer family themselves.
Dividends are paid out twice yearly, in January and June, with last year’s total payouts registering at £10.7 million. According to the Manchester Evening News, the Glazers netted around £8 million from last year’s withdrawals, so with their personal profits set to increase once again this summer it’s only served to anger an already riled up fan base.
United icon and outspoken TV personality, Gary Neville, has not been shy when it comes to criticising the club’s highly unpopular owners and was left fuming with the decision.
Neville wrote on Twitter: “The Glazer Family should NOT be taking £11m in dividends this Friday. It isn’t right with the investment needed in the team, stadium and training ground. “The clubs cash position is low compared to previous years.