Glazers' not took a dividend out of Man United in last financial year but...
The Glazer family have not taken a dividend out of Manchester United in the last financial year, according to the club's latest results.
However, the owners are likely to have benefitted most from a £1.75m share options payout. It followed a share price rise on the back of their strategic review, launched a year ago, amid optimism the club would be sold.
The unpopular American owners have been fiercely criticised in the past for creaming profits off United while failing to reduce the overall debt on the club, which remains unchanged at £538m.
Last year they banked the lion's share of the £33.5m paid out in dividends to shareholders in 2021-22.
But as the Glazers continue to come under massive scrutiny after turning down an offer of around £5billion to sell United to Sheikh Jassim bin Hamad al Thani in favour of accepting a £1.4bn from Sir Jim Ratcliffe for a quarter of the club, they have decided not to draw a dividend this year.
United have paid the controversial dividend since 2015 and remain the only Premier League club to hand out the regular payments to shareholders.
But they indicated last December that there were would be no payments in 2022-23 to allow greater investment in the squad.
United were operating under tighter financial restrictions in the summer due to Financial Fair Play but still spent another £180million under Eric ten Hag.
The investment in Rasmus Hojlund, Mason Mount, Andre Onana, Rasmus Hojlund and Altay Bayindir, with Jonny Evans, Sergio Reguilon and Sofyan Amrabat signed on loan and new contracts handed to Marcus Rashford and Diogo Dalot, contributed to United making an overall loss of £28.7m.
However, the new financial results once again showed why Sheikh Jassim and Ratcliffe were prepared to bid in
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