Manchester United confirm Glazer family ownership did not take dividends

The decision was made just a week before the Glazer family confirmed they were considering putting the club up for sale last month.

United’s fiscal 2023 first quarter results read: “On November 15, the board of directors did not approve the payment of the semi-annual dividend for fiscal 2023.”

On November 22, the day United parted ways with Cristiano Ronaldo, it was announced that “a process of exploring strategic alternatives to enhance future growth” had begun.

The statement added that “the board will consider all options, including new investment in the club, sale or other transactions”.

The Manchester United Supporters’ Trust reacted positively to the news.

A statement read: “We are pleased that, while the issue of dividends has dragged on for too long, we have finally come to the right position.

“Certainly dividends should not be paid when the football club fails on the pitch, challenging for the highest honours.

“It is a rewarding failure and it prevents the owners from ensuring sufficient reinvestment of profits into the football club.

“Our view is that no further dividends should be paid until new investments and new owners are resolved.”

Additional PA Reports

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