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 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
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