# Manchester United’s dire financial condition summed up

URL: https://technosports.co.in/manchester-uniteds-dire-financial-condition-summed-up/  
Published: 2021-06-23  
Updated: 2021-06-23  
Author: Arsh Das

Manchester United could be surpassed in revenue by rivals Liverpool and Manchester City in 2021. That is according to football finance expert Swiss Ramble. 

In the first nine months of 20/21, revenue fell 6% from £428 million to £400 million. The losses cannot simply be explained by the absence of fans due to the pandemic. Their rivals’ better performance in match days and in Europe is also one of the main reasons behind their decline. 

> Despite the financial challenges, [#MUFC](https://twitter.com/hashtag/MUFC?src=hash&ref_src=twsrc%5Etfw) have still found enough cash to pay shareholders (mainly the Glazers) a full £23m dividend. First half (£11m) already paid, while rest will be paid in July. United were the only Premier League club to pay a meaningful dividend in 2019/20. [pic.twitter.com/MXrA4GVTdw](https://t.co/MXrA4GVTdw)
>
> — Swiss Ramble (@SwissRamble) [June 22, 2021](https://twitter.com/SwissRamble/status/1407216420392480770?ref_src=twsrc%5Etfw)

‘United’s new £47m TeamViewer shirt sponsorship is much less than Chevrolet £64m, while The Hut Group pulled out of replacing Aon training ground £15m deal due to bad Super League publicity,’ he explains.‘In the 5 years up to 2020, no owners in the Premier League have taken out more money than #MUFC’s £133m (dividends £112m, share buy back £21m),’ the report continues.

‘In stark contrast, some owners have put in significant funds: Everton: £348m, Aston Villa £337m and Chelsea £255m.’

The most damning stat that proves United’s situation right now is the fact that they have over half a billion pounds in debt. Only Tottenham have more debt accumulated, and that is mainly due to them building a brand new stadium.

> That said, [#MUFC](https://twitter.com/hashtag/MUFC?src=hash&ref_src=twsrc%5Etfw) debt is still very high at over half a billion pounds, even after all the refinancings by the Glazer family. It is only surpassed in England by [#THFC](https://twitter.com/hashtag/THFC?src=hash&ref_src=twsrc%5Etfw) £831m – and that was for the Londoners building their new stadium, as opposed to funding a leveraged buy-out. [pic.twitter.com/P1QDrRkgju](https://t.co/P1QDrRkgju)
>
> — Swiss Ramble (@SwissRamble) [June 22, 2021](https://twitter.com/SwissRamble/status/1407216358589358081?ref_src=twsrc%5Etfw)

Should these financial losses continue, United will drop down to third in revenue collected. Swiss Ramble also notes that United were the only club to pay a big dividend in 19/20. The Glazers were paid their full £23 million, while other clubs have even had to put in cash to help them run. 

With player sales also generating minimal revenue, it is no surprise as to why United supporters are so vocal about their dislike of the Glazers and why they want them out.