Shocking: Glazers reach new low with latest Man United decision

Wednesday 21 October 2020

Shocking: Glazers reach new low with latest Man United decision

Manchester United fans have a new reason to hate their club’s owners the Glazer family although they didn’t really need one.

Supporters have long been against the hierarchy at Old Trafford and tensions reached quite high after what was a disappointing summer.

Many had hoped United would show initiative in the transfer market and back Ole Gunnar Solskjaer after what was deemed a successful season.

The legendary Norwegian led his team to a third-place finish despite all the criticisms he faced as well as injuries.

However, the Red Devils weren’t good enough in the transfer market and fans now have even more reason to be frustrated given the information below.

Man Utd elect not to suspend annual £23.3m dividend payment (mostly to Glazer family) despite revenues falling by more than £100m year-over-year. Glazers borrowed majority of hundreds of millions used to obtain shares that provide dividend and put debt on Man Utd books.

— Dean Rudge (@deanrudge279) October 21, 2020

A lot of companies worldwide have been forced to suspend annual dividend payments in order to keep afloat and despite Manchester United’s debt growing tremendously due to Covid-19.

The club have told fans they couldn’t invest properly because of the economic impact, the debt has risen and players and staff took pay cuts only for the Glazer family to keep their dividends nonetheless.

It’s frankly a shameful act and one that should spark a renewal of the efforts to get those in charge to step down, though there is the problem of who the club would be sold to.

This summer’s transfer window has been one of the strangest in living memory. So cast your mind back to less stressful days and test your knowledge of past United arrivals and departures in our quiz below.

The post Glazers family make shock decision despite Covid-19 crisis first appeared on The Peoples Person | MUFC News.

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Article Name	Shocking: Glazers reach new low with latest Man United decision
Description
Author Name	Candyboy
Published On	October 21, 2020
Post Category	Man Utd