Manchester United owners have not taken semi-annual dividend

Manchester United's owners have not taken their semi-annual dividend, it has been announced in the quarterly financial reports.

The decision was taken just a week before the Glazer family confirmed they were considering putting the club up for sale last month.

United's first quarter fiscal 2023 results state: "On 15 November, the board of directors did not approve the payment of the semi-annual dividend for fiscal 2023."

On 22 November, the day United parted company with Cristiano Ronaldo, it was announced that "a process to explore strategic alternatives to enhance future growth" had begun.

The statement added that "the board will consider all options, including new investment into the club, a sale, or other transactions."

The Manchester United Supporters' Trust reacted to the news positively.

A statement read: "We are glad that, while the dividend issue has dragged on for far too long, we have finally got to the right position.

"Certainly dividends should not be paid when the football club is not achieving success on the pitch, challenging for top honours.

"That is rewarding failure and removes the incentive for the owners to ensure sufficient reinvestment of profits back into the football club.

"Our view is that no further dividends should be paid while new investment and ownership remain unresolved."

Listen to the RTÉ Soccer podcast on Apple Podcasts, Spotify or wherever you get your podcasts.

We need your consent to load this YouTube contentWe use YouTube to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences