Manchester United set to pay £11million to shareholders today as Glazers slammed

Manchester United are set to pay a dividend to shareholders of nearly £11million on Friday, with the majority of that going to the Glazer family.

Dividends are paid twice a year, in January and June, with the majority of those dividends being paid to the six Glazer family members who hold shares in the club.

Last year, the dividends were worth £10.7m to shareholders, with the Glazers netting around £8m of that.

The Glazers have regularly taken sums of money out of the football club, and last month it was confirmed that United's debts had risen to nearly £500m in their latest financial accounts, an increase of 11.8 per cent from last year.

This week, Gary Neville slammed the Glazer family over their decision to take £11million out of the club in dividends when there was so much investment needed in the playing squad and redeveloping Old Trafford as a venue.

United co-chairman Joel Glazer attended a fans' forum last June when the subject of dividend payment was raised.

"I know this is a subject that a lot of people have a lot of different views on, but when we take things and look at things as a whole, we think that Manchester United is a very well-run club, and we think clubs throughout football could take a look at us, and there's a lot of good to be seen when it comes to some of these things that are controversial," he said.

"You know, we're able to spend with the top clubs throughout Europe, whether it's wages or transfer fees, we've been able to keep our ticket prices low, we've not increased them in over 10 years. We're able to pay a dividend but it's a modest proportion of our five to six hundred million pounds of revenue; it's less than three per cent of that.

"We're able to do all these things and that's to me