‘They’re running the club into the ground!’: Manchester United fans call the Glazers ‘PARASITES’ and ‘leeches’ for extracting £33.6m in dividends from the club despite a 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 who make a profit from their club
- Supporters believe the big payout is a sign of ‘rewarding failure’
- Protests against Glazer’s ownership have increased in recent years
Manchester United fans’ anger towards the Glazers only increased after the club’s latest financial results were released on Thursday.
It was revealed that United made a net loss of £115.5m for the year to 30 June 2022, while the club’s net debt has increased by £95.4m to £514.9m.
Nevertheless, the American owners rewarded themselves with a huge payout – taking £33.6m from the club in dividends.
The Glazers took £33.6m out of Manchester United in dividends in the last financial year
This is an increase on their last dividend payment of £11m 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 make a profit from their club.
“£115m loss last season and Glazers still taking millions in dividends, absolute shame,” wrote one fan on Twitter.
“What a joke,” said another. “Massive debt but still paying a huge dividend to these leech Glazers.”
A third added: “Glazers took £35m in dividends while the club lost over £100m this financial year lol. They are the definition of parasites.’
United fans have called the American owners “parasites” and “leeches” for the huge payout
The message from United supporters continues to be the same – they are desperate for an upper hand at Old Trafford.
“Glazers are driving the club into the ground while rewarding themselves with dividends,” one fan tweeted. “These people have to go.”
“The Glazers have taken £33.6 million in dividends from the club. Get them out now!!!!’ another urged.
United’s dismal financial results came after the club achieved their worst Premier League score last season of just 58.
Protests against the Glazer’s ownership have increased in recent years as fans continue to lose patience with a lack of progress on and off the court.
In a statement on Thursday, the Manchester United Supporters’ Trust criticized the Glazers for “rewarding failure”.
“Today’s financial results from United cap a period when the club failed on the pitch, finishing sixth in the Premier League with our worst points record for 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 reward for failure, and that is what we see here.
Protests against Glazer’s ownership of the Red Devils have increased in recent years
“In a football club, we believe that dividends should only be paid when there is both financial success and success on the pitch.
‘Via the Fans Advisory Board and Fans Forum, MUST representatives will now call for an immediate review of the club’s dividend policy to ensure that the rewards of 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 redevelopment of the stadium needs to be funded through new issues of shares to bring new funds into the club and not via more debt which will lead to to a further drain on the club’s finances.’