{"id":293123,"date":"2023-10-26T15:24:26","date_gmt":"2023-10-26T15:24:26","guid":{"rendered":"https:\/\/sportstoft.com\/?p=293123"},"modified":"2023-10-26T15:24:26","modified_gmt":"2023-10-26T15:24:26","slug":"glazer-family-have-not-taken-a-dividend-out-of-man-united-in-last-year","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/soccer\/glazer-family-have-not-taken-a-dividend-out-of-man-united-in-last-year\/","title":{"rendered":"Glazer family have not taken a dividend out of Man United in last year"},"content":{"rendered":"<h1>The Glazer family have not taken a dividend out of Manchester United in last financial year but unpopular owners benefitted from share price rise after putting club on the market<\/h1>\n<ul>\n<li><strong>Latest accounts showed \u00a31.75m share options payout after &#8216;strategic review&#8217;<\/strong><\/li>\n<li><strong>United&#8217;s debt remained unchanged at \u00a3538m despite record revenues\u00a0<\/strong><\/li>\n<li><strong>Follow Mail Sport&#8217;s new Man United WhatsApp channel for all the breaking news\u00a0<\/strong><\/li>\n<\/ul>\n<p>The Glazer family have not taken a dividend out of Manchester United in the last financial year, according to the club&#8217;s latest results.<\/p>\n<p>However, the owners are likely to have benefitted most from a \u00a31.75m 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.<\/p>\n<p>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 \u00a3538m.\u00a0<\/p>\n<p>Last year they banked the lion&#8217;s share of the \u00a333.5m paid out in dividends to shareholders in 2021-22.<\/p>\n<p>But as the Glazers continue to come under massive scrutiny after turning down an offer of around \u00a35billion to sell United to Sheikh Jassim bin Hamad al Thani in favour of accepting a \u00a31.4bn from Sir Jim Ratcliffe for a quarter of the club, they have decided not to draw a dividend this year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/15\/77035745-12676133-image-a-91_1698330250579.jpg\" height=\"422\" width=\"634\"><\/p>\n<p>The Glazer family did not take a dividend out of Manchester United in the last financial year<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/15\/77035767-12676133-image-a-92_1698330304365.jpg\" height=\"459\" width=\"634\"><\/p>\n<p>United fans have protested against the Glazer family&#8217;s ownership and \u00a3538m worth of debt<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>United have paid the controversial dividend since 2015 and remain the only Premier League club to hand out the regular payments to shareholders.\u00a0<\/p>\n<p>But they indicated last December that there were would be no payments in 2022-23 to allow greater investment in the squad.<\/p>\n<p>United were operating under tighter financial restrictions in the summer due to Financial Fair Play but still spent another \u00a3180million under Eric ten Hag.<\/p>\n<p>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 \u00a328.7m.<\/p>\n<p>However, the new financial results once again showed why Sheikh Jassim and Ratcliffe were prepared to bid in excess of \u00a35billion for a club worth little more than half that on the New York Stock Exchange.<\/p>\n<p>United announced record full-year revenues of \u00a3648.4m despite being in the Europa League last season. It eclipsed the previous best of \u00a3627m when the club were in the Champions League.<\/p>\n<p>It&#8217;s predicted that United will break the record again next year with estimated revenues of between \u00a3650m and \u00a3680m on the back of a new 10-year kit deal with adidas and shirt sponsorship with Snapdragon.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/15\/77028937-12676133-Manchester_United_announced_record_revenues_for_the_2022_23_seas-a-93_1698330345257.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Manchester United announced record revenues for the 2022-23 season but the club&#8217;s debt remained static at \u00a3538million<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/15\/77035875-12676133-image-a-94_1698330398187.jpg\" height=\"413\" width=\"634\"><\/p>\n<p>Sir Jim Ratcliffe is awaiting an answer regarding his \u00a31.4billion offer for 25 per cent of United<\/p>\n<p>Commercial revenues exceeded \u00a3300m for the first time at \u00a3302.9m, up \u00a345.1m based on a \u00a341.6m increase in sponsorship and \u00a33.5m in retail.<\/p>\n<p>Broadcast revenue was down \u00a35.8m because United were playing in the Europa League rather than the Champions League, although that also meant an automatic pay-cut for the playing squad which saved \u00a352.8m.<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span><span>It&#8217;s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n<p><span><span>It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12676133\/The-Glazer-family-not-taken-dividend-Manchester-United-financial-year-unpopular-owners-benefitted-share-price-rise-putting-club-market.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The Glazer family have not taken a dividend out of Manchester United in last financial year but unpopular owners benefitted from share price rise after <a class=\"mh-excerpt-more\" href=\"https:\/\/sportstoft.com\/soccer\/glazer-family-have-not-taken-a-dividend-out-of-man-united-in-last-year\/\" title=\"Glazer family have not taken a dividend out of Man United in last year\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":293122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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