Manchester United Board of Directors refuses to give The Glazers the semi-annual dividends amidst the owners’ decision to sell the club
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Manchester United owners- The Glazers
The Manchester United owners- Tha Glazers family appear hostile in the process of selling the club, as they seek large investments. Recently the surprise came in as the Glazers neither accepted nor received their semi-annual dividend. The family stamped their decision on selling the club finally after 17 years of partnership as a part of “a process to explore strategic alternatives for the club.”
According to multiple reports, the Glazers family has been offered and paid a sum of €33.6m out in dividends, mostly to The Glazers family which was more than €20m compared to the previous year. Sources also claim that the decision reflected factors including the significant investment made for the squad in the summer. Manchester United‘s total investment in the signings during the last transfer window was €225.4m.
For the last dividend payments, the total amount gathered around €155m in seven huge years and the same policy has made the Red Devils’ supporters quite angry who was initially the first party to criticize The Glazers family for siphoning off the club rather than making an investment in it. The club supporters have always been on the other side of the wave to go against the owners who have now considered selling the deal.
The club’s ownership and management have always been in question since Sir Alex Ferguson left in 2013, but can it be a redemption from the labeled bad owners to the potentially good ones? the question will prevail and more money and power only corrupts the spirit of the game, leaving a mark on the legacy. With the encouragement from the club owners to the Gulf countries to fall in for owning the club, more cash flow will be there.
Dubai’s wish to buy Manchester United after The Glazers’ decision of selling the club
According to multiple reports, the Manchester United owners- The Glazers, are ready to announce their plans to look for outside investment in the club. The surprise from the Dubai empire is a shock to many, as more wealth means more business for the fans. A way to make billions of profit from it, compared to their 2005 buyout. They have been criticized earlier for not investing the money.
The club’s new owners if it’s Dubai, the cash flow and power will increase and it’s just a way to shift from evil to a bigger evil, money makers never manage the club like their own, marketing is the only way to earn money for them, the players the staff and the development required is still uncertain for the Red Devils. The Glazers’ first big step in the club’s favor after years is to sell the club.
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Akshat Pandey
(275 Articles Published)