25 Aug 2022 | 18:29 | News
Deloitte statistics show that over the past 10 years, the Glazers have earned £154 million for owning MU. This includes a £133m dividend and a £21m share sale. MU is the only Premier League club to pay a dividend to shareholders, with the majority of the dividend in the pockets of the Glazer family.
No Premier League boss has made more money from his club than the Glazers over the past decade. Most remaining Premier League owners spend a lot of money on clubs they own.
The Manchester City boss has spent £684m on the club. At Chelsea, the figure is £516m. The Aston Villa owner is third with £506m. In the near future, if Mourinho does not improve their performance on the pitch, their income will continue to decrease, leading to a decline in the status of the club.
Over the past 12 years, Manchester United has to pay the Glazer family up to 517 million pounds of debt interest, nearly three times more than the Premier League’s second-placed Arsenal. Apart from MU, the remaining 19 teams in the Premier League only need to pay a profit of £536m. Should United’s revenue drop, the Glazers can only continue to spend their money on the transfer market, as many other Premier League owners have done.
Over the past 12 years, the Gunners have paid interest on a £174m loan towards the construction of the Emirates Stadium, which began 20 years ago. Last year, Arsenal’s owners, the Kroenke family, bought back some of the club’s debt, making it easier for teams at the Emirates to pay interest and balance their finances.
This is why Arsenal, despite being unable to play in the 2022/23 Champions League, are still the second most purchased Premier League team in the summer of 2022 at £118.86m, behind Chelsea ($167.93m).
Mourinho is saddled with £592m of debt that the Glazers have borrowed in the past to buy the club. Only Tottenham (£854m) and Chelsea (£1.5bn) have more debt than the Red Devils in the Premier League. However, Tottenham are heavily in debt for the construction of their new stadium, while Chelsea’s (interest-free) loan has just been written off by billionaire Roman Abramovich this summer.
Glazer’s supporters point to MU’s huge transfer money (£1.4bn) over the past decade. However, this is mainly money earned by the club, not directly spent by the Glazers. This is the biggest difference between Manchester United and Manchester City or Chelsea in the transfer market.
Old Trafford’s revenue has fallen by 15% (£87m) since 2017, the worst of the Premier League’s top six. Last year, MU’s revenue was £494 million. They are officially overtaken by Manchester City (£570m).
This is the first time in the history of the Manchester Reds that they have performed worse than their opponents in the same city. Liverpool, also owned by the American, trailed MU with £487m in revenue.
MU criticized for lazy running Jamie Redknapp and Gary Neville criticized Manchester United for their poor performance in their 0-4 win over Brentford in the second round of the Premier League on the evening of August 13 (Hanoi time).
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