Manchester United: Glazers set to land £11million windfall days after dismal defeat against Wolves
The Glazers prepare to land an £11MILLION windfall just days after Manchester United’s dismal defeat at home to Wolves… with the unpopular owners risking the wrath of fans once again amid their woes on the pitch
- Manchester United fans have long called for the Glazers to leave Old Trafford
- Supporters believe they have milked United for their own personal benefit
- Now the Red Devils owners are set to receive an £11million pay-out on Friday
- The hefty payment comes while the team continues to struggle on the pitch
The Glazers are risking the wrath of Manchester United fans once again as they prepare to pocket an £11million windfall just days after their 1-0 defeat at home to Wolves.
United supporters have long called for the unpopular US owners’ departure, accusing them of milking the club for their own personal benefit and increasing debt since arriving in 2005.
Their initial decision to join the aborted European Super League in April of last year also damaged their reputation even further, sparking mass protests in and around Old Trafford at the time.
The Glazers are set to pocket £11million just days after Man United’s 1-0 defeat vs Wolves
According to The Sun, the Glazers risk angering Red Devils fans again with an £11million cash pay-out to club shareholders due on Friday.
United announced in November that ‘semi-annual cash dividend of $0.09 per share’ – which equates to 7p per share in sterling – would be paid on January 7.
And it is believed the majority of that £11million figure will go to the six members of the Glazer family, who own a 69 per cent stake in the club.
Their windfall will come just four days after United were outclassed by Wolves at Old Trafford, with Joao Moutinho’s late strike condemning new interim boss Ralf Rangnick to his first defeat and denting their top-four hopes in the process.
The Glazers’ latest windfall comes after United were outclassed by Wolves at Old Trafford
With the team failing to inspire on the pitch, news of the Glazers pocketing a sizeable pay-out is unlikely to go down well with supporters.
The American tycoons also received around £23million during the 2019/20 campaign, yet United’s March accounts revealed debts stood at £455million.
Nevertheless, co-chairman Joel Glazer is said to have defended the payments as a ‘modest proportion’ of the club’s revenues.
The Glazers, who remain in control at Old Trafford despite recently selling £117million worth of shares, are worth £3.4billion, according to Forbes.
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