Manchester United have reported a loss worth £115.5 million for the 2021/22 season in their annual financial records. The club’s debt has increased by £95.4million to £514.9million. Since the records are only until 30 June 2022, they don’t include the massive transfer fees paid for the likes of Antony and Casemiro late in the transfer window.
And despite reporting a net loss for the season, United’s owners, the Glazers family, have taken out £33.5 million in the form of dividends. This makes them the only owners in the Premier League to take money out of their club.
Manchester United 21/22 financial records report £111.5 million loss
Amidst the discouraging financial records, the club right now has the highest wage bill in history, at £384.2 million. As a result of their contracts, they have broken the record for the highest wage bill in history in the Premier League.
Revenue for the season increased by 18 percent to £583 million, which was due to the full return of fans to football games and resumption of normal life. The fall of the UK pound has also played a part in the increase of money spent in running the club.
Manchester United’s financial records will add more fuel to the fire that has been raging against the Glazers. United fans have been continuously protesting against their owners to leave the club, but that hasn’t resulted in any action as of yet. Protests, as a result, are only going to intensify over the coming months.
