Why the Glazers are not taking Manchester United dividends

The Glazer family did not take a dividend from Manchester United from their financial results for the full year.

In the previous financial results that were posted in September 2022 for the year up to June 30 2022, United paid £33.6million out in dividends, mostly to the Glazer family, which was up by more than £20m on the previous year.

Since then, no dividend have been paid to the six siblings who sit on the club board for the year ending June 2023.

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Senior club sources said last year the decision for the Glazers not to take a dividend was partly due to the significant investment in the United squad during manager Erik ten Hag's first summer in charge. United invested £225.4m in signings in the last transfer window.

The Glazers announced a strategic review into United 11 months ago and Sheikh Jassim Bin Hamad Al Thani withdrew his offer of £5bn to buy the club outright earlier this month.

The Ineos Group is expected to finalise a 25% stake in United at the cost of £1.3bn, although the Glazers have not clarified the situation since the review was announced.

The last dividend payments took the total payments to £155m in seven years and the policy has angered United supporters who have criticised the Glazer family for siphoning off the club rather than investing in it.

United posted record full-year revenues of £648.4m, up 11 per cent, despite spending last season in the Europa League. Their previous record of £627m was achieved when the club were in the Champions League in 2018-19.

United's commercial revenues exceeded £300m for the first time, rising to £302.9m but their overall cash