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Payout for Glazers

Football finance guru Kieran Maguire strikes a sceptical note in a comment on Manchester United: 'Despite losing £23m in 2020 and £92m in 2021 Manchester United are today paying an £11m dividend to shareholders, the vast majority of which will go to the Glazer family. Meanwhile there’s rain coming through the roof, seats are cramped and as for the "product".'

United have named managing director Richard Arnold to succeed 'executive vice-chair' Ed Woodward as chief executive officer.   One of his key tasks will to rebuild trust with fans after the ESL fiasco.

United's commercial strength has enabled it to weather the worst of the pandemic which cost it £150m in lost revenue.  Other clubs have had to sell players or raise capital.  Commercial revenues totalled £232m in the last financial year, down 17 per cent.   Match day revenues fell more than 90 per cent.

Shares in United are 12 per cent down on the past year.


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