sport news The Glazer family haven't taken a dividend from for the FIRST ... trends now

sport news The Glazer family haven't taken a dividend from for the FIRST ... trends now
sport news The Glazer family haven't taken a dividend from Manchester United for the FIRST ... trends now

sport news The Glazer family haven't taken a dividend from Manchester United for the FIRST ... trends now

Manchester United's first quarter financial results show the Glazer family haven't taken a dividend from the club for the FIRST TIME since 2016, while United's revenues rise by 13.6 per cent as they remain up for sale Manchester United released their first quarter financial results on Thursday The Glazer family didn't take a dividend out for the first time since 2016   They put the club up for sale last month following their 17-year reign in charge The Glazers were criticised for taking an £11million dividend out in June 2022 United's board of directors did not approve the latest semi-annual payment 

View
comments

Manchester United's first quarter financial results that were released on Thursday show that the Glazer family have not taken a dividend for the first time since 2016 after putting the club up for sale. 

The owners were criticised for taking an £11million dividend out of the club in June, but the board of directors did not approve the latest semi-annual payment to shareholders.

The figures show that United’s revenues rose by 13.6 per cent and the club is on target to make between £590m and £610m for the whole year, although it has made a pre-tax loss of £2.5m-a-week for the first quarter of 2022-23.

The Glazer family didn't take a dividend out of Manchester United for the first time since 2016

The Glazer family didn't take a dividend out of Manchester United for the first time since 2016

Manchester United Supporters Trust welcomed the news in a statement on Thursday evening.

They said: 'Tonight Manchester United announced, as part of the quarterly earnings report, that in a break with established precedent, it will not be paying a dividend to shareholders for the first time since dividends commenced in 2015.

'MUST has raised the issue of dividends, at the highest levels of the club, and increasingly so in recent times.

'Indeed the Fan Advisory Board on which MUST holds two places was set up specifically to facilitate open dialogue on strategic issues such as this. The MUST representative on the Fans Forum also raised objections to the dividend policy in its most recent meeting as recorded in the minutes here

'We are glad that, while the dividend issue has dragged on for far too long, we have finally got to the

read more from dailymail.....

PREV sport news Newcastle wonderkid Garang Kuol visits Hearts ahead of proposed loan move trends now
NEXT sport news Damar Hamlin 'AWAKE and showing signs of improvement' says Bills teammate Kaiir ... trends now