Writing about Manchester United these days is always an interesting and quite pleasing task for a journalist, since the topics to write about are endless, and they are usually provided by the club themselves. For instance, isn’t it funny to read about a club who has just finished the season with the lowest point tally in the last 30 years, and who just hired a health inspector to protect the water leaking from the stadium, but still pays their owners a staggering 11 million pounds through dividends, while the club is still in debt? Off course it is!The Glazers are set to receive their £11 million dividend next month. While #mufc debt has risen by 11%. #GlazersOut pic.twitter.com/4kYGf0sZNY— Aidan Walsh 🔰 (@AidanWalshMUFC) May 26, 2022 Yes, it’s no secret, Manchester United has just ended the season in which they finished in the 6th place (and guaranteed Europa League place) only because West Ham lost in Brighton, and they accumulated only 58 points, which is their worst score during their participation in the Premier League. The fans have also witnessed two coaches in one season (and the third has just come in), an awful player’s performance, and numerous stories from the dressing room. But that’s not all. As per Daily Mail, their famous stadium, often called ’Theatre of Dreams’ is leaking during the rainy days. The ownership of the club has failed to address the renovations, and they will finally take place during the next season. But, until then, they have hired a health inspector whose job will to walk around Old Trafford during the rainy days and check if there are any leaks. Should he spot any questionable areas, repairs are carried out within 24 hours. The process is also repeated come rain or shine on matchdays before turnstiles are opened to allow fans to enter.Despite losses of £27m for the quarter and £44m for the year to date, wages up 20% and an annualised rate of £400m,net debt up over £50m, Manchester United will be paying an £11m dividend to shareholders (mainly the Glazers) on 24 June #MUFC pic.twitter.com/4iT74angBT— Kieran Maguire (@KieranMaguire) May 26, 2022 But above all that, the club’s debts are still rising. United reported its position in the third quarter of the financial year on Thursday and revealed that the club’s net debt had grown by 52 million pounds (11 per cent) to almost 500 million, while the total debt is 591 million. In addition, United’s salaries rose 20 per cent to 102 million in the three months to March 31. And here comes the punchline: the owners don’t think that this is a problem, because they will collect around 11 million pounds through dividends!Ten Hag presented as the new Man United manager: The club has a great history and let’s make a futureManchester United’s latest accounts show a 30 per cent increase in revenue for the three months until March 31 this year despite the club’s worst season in the Premier League era. United’s total revenue for the first three months of 2022 was 152.8 million pounds, up 29.2 per cent from 118.3 million compared to the same period last year. The club earned an additional 34 million in matchday revenue in this period, with the coronavirus pandemic having limited matchday revenue to 1.6 million in the third quarter of 2021. And the owners, despite the need to invest more money into the transfer window in order to support the new coach Eric ten Haag, decided to divide the profits among themselves, irritating the fans even more.(2.20) LIVERPOOL (3.50) REAL MADRID (3.50)United’s fans are known for hating the Glazer brothers who own the club, and just looking at the table for the last few years can reveal the reasons. While they managed to be champions in the American football league (NFL) with Tampa Bay Buccaneers, they are not as near as successful in England. Still, they don’t seem to care much about the protests or anything else. The club, which is listed on the New York Stock Exchange, says in the report:„The bi-annual cash dividend of $0.09 per share will be paid on 24 June 2022, to shareholders of record on 6 June 2022“. What a club!
