Manchester United has recently faced a lot of problems in their transfer policies because of its owners. United fans were also against its owners and want them to leave the club as soon as possible.
Many fans thought that the United board will back their manager Ole Gunner Solskjaer after finishing third in the league and qualifying for UCL and making a strong run in all the cup competition. But it didn’t happen. United hierarchy explained that there were some financial issues with which the club is now going through.
After knowing this new report it will surely increase. The report suggests that a lot of companies worldwide have been forced to suspend annual dividend payments in order to keep maintain their debt despite Manchester United due to Covid-19. Their debt growing tremendously. But how this happened it will be a shock to everyone.
Manchester United players and support staff took pay cuts only for the Glazer family to keep their dividends intact.
Man Utd elect not to suspend annual £23.3m dividend payment (mostly to Glazer family) despite revenues falling by more than £100m year-over-year. Glazers borrowed majority of hundreds of millions used to obtain shares that provide dividend and put debt on Man Utd books.
— Dean Rudge (@deanrudge279) October 21, 2020
English journalist Dean Rudge tweeted, “Man Utd elect not to suspend annual £23.3m dividend payment (mostly to Glazer family) despite revenues falling by more than £100m year-over-year. Glazers borrowed majority of hundreds of millions used to obtain shares that provide dividend and put debt on Man Utd books.”
A large section of United fans wants Ed Woodward and Glazers to resign as soon as possible because of their bad transfer policies and other so many reasons. The ‘Glazers Out’ movement has already started a long ago by the United fans. After this new shocking report, the situation will be worse for sure.
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