‘They are running the club into the ground!’: Manchester United fans slam the Glazers as ‘PARASITES’ and ‘leeches’ for taking out £33.6m in dividends from the club despite recording net loss of £115.5m
- The Glazers took £33.6m out of Man United in dividends in the last financial year
- They are the only Premier League owners to take dividends from their club
- Supporters believe that the hefty payout is a sign of ‘rewarding failure’
- Protests against the Glazers’ ownership have increased in recent years
Manchester United fans’ anger towards the Glazers only increased after the club’s latest financial results were published on Thursday.
It was revealed that United made a net loss of £115.5million for the year up to 30 June 2022, while the club’s net debt has increased by £95.4million to £514.9million.
Nonetheless, the American owners still rewarded themselves with a huge payout – taking £33.6million from the club in dividends.
The Glazers took £33.6million out of Manchester United in dividends in the last financial year
This is an increase of their last dividend payout of £11million due to deferred payments in the Covid-19 pandemic.
The Glazers, who have reigned at Old Trafford since 2005, are the only owners in the Premier League to take dividends from their club.
‘£115M loss last season and the Glazers are still taking they’re millions in dividends, absolute disgrace,’ one fan wrote on Twitter.
‘What a joke,’ another said. ‘Massive debt but still paying a massive dividend to these leeches the Glazers.’
A third added: ‘Glazers took a £35m dividend while the club lost over £100m this financial year lol. They are the definition of parasites.’
United’s fans have slammed the US owners as ‘parasites’ and ‘leeches’ for the huge payout
The message from United supporters continues to be the same – they are desperate for a takeover at Old Trafford.
‘Glazers are running the club into the ground while rewarding themselves with dividends,’ a fan tweeted. ‘These people need to leave.’
‘The glazers have taken out £33.6m dividends out of the club. Get them out now!!!!’ another urged.
United’s dismal financial results came after the club achieved their worst ever Premier League points tally last season of just 58.
Protests against the Glazers’ ownership have increased in recent years as fans continue to lose patience with a lack of progress on and off the pitch.
In a statement on Thursday, the Manchester United Supporters’ Trust criticised the Glazers for ‘rewarding failure’.
‘Today’s financial results from United cover a period when the club failed on the pitch, finishing sixth in the Premier League with our worst points tally in decades,’ the statement read.
‘Despite that, the results confirm that the owners were the only ones in the Premier League to pay themselves a dividend last year. ‘There is nothing wrong in principle with companies paying dividends to owners but there should be no rewards for failure and that is what we see here.
Protests against the Glazers’ ownership of the Red Devils have increased in recent years
‘At a football club we believe dividends should only be paid when there is both financial success and success on the field.
‘Via the Fans Advisory Board and the Fans Forum, MUST representatives will now be calling for an urgent review of the club dividend policy to ensure that the rewards for failure we see revealed today are not repeated.
‘Overall, this set of results reinforces our view that the club is in dire need of new capital investment and the proposed stadium redevelopment must be funded through new issuance of shares to bring new funds into the club and not via more debt which would place a further drain on club finances.’
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