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Manchester United to pay Glazer family dividend in January

Manchester United are set to pay the Glazer family an £8.7m dividend in January, as reported by The Athletic reporter Matt Slater.

The Red Devils recently published a full financial report revealing the full-effects that COVID-19 has had on the club. The numbers were rather devastating, with total revenue dropping by 19.5%. United announced an operating loss of £27.1m, with matchday revenue down 92.3% and commercial revenue falling by 25.7%.

Despite the rather ugly picture that was painted, the club’s owners are still to be distributed a payment of £8.7m.

Such news is never exactly welcomed by fans, with the Glazers prioritising their own desires over the club’s progression. Although supporters have somewhat become numbed to hearing about funds being withdrawn from the warchest, they have come under serious scrutiny given the recent context.

As per the BBC, food banks in Manchester have written to the city’s football clubs, stating that many of their employees are struggling to put food on the table. They have urged both City and United to pay their staff a ‘real living wage’ – £8.72 an hour.

The Red Devils have said that all their workers received the national living wage as a minimum.

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