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Date: Friday, 15th November 2024
Manchester United Board of Directors block 2023 dividends payment
By Nuelzy - December 9, 2022 | Categories: Sports Tags: Football
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Manchester United’s Board of Directors did not approve a dividends payment to the club’s owners, the Glazers, scheduled for 2023.
The controversial Glazer ownership of United has reared its head once again in recent times following last month’s announcement from the club itself confirming that they were open to a sale.
A statement released in November confirmed the club and its owners would ‘consider all strategic alternatives’ amid sustained pressure from fans for the Glazers to sell up once more, with protests coming and going since their takeover in 2005.
It was confirmed in a statement on December 8 that the Glazers would not be taking out a dividend payment, before that announcement was made: “On 15 November, the Board of Directors did not approve the payment of the semi-annual dividend for fiscal 2023.”
United’s Board of Directors is comprised mostly of Glazers, with Avram and Joel both holding titles of ‘Executive Co-Chairman and Director’. Kevin, Bryan and Edward – all siblings of Joel and Avram – are listed as Directors for the club.
The Athletic report that the decision is an economic one, considering the investment into the team this past summer which was in excess of £200m.
The decision marks the first time since 2016 that the Glazer family haven’t taken dividends out of the club and further fuels speculation that a sale could be imminent, with the Raine Group – who facilitated the 2022 sale of Chelsea – acting as United’s ‘exclusive financial advisor’ while they explore a potential sale.
Manchester United Board of Directors block 2023 dividends payment - Kenflore Jean - Dec 10, 2022 6:42 am
Putting lipstick on the pig ..
Manchester United Board of Directors block 2023 dividends payment - Saheed Irawo - Dec 10, 2022 7:13 am
Why take millions when they will make billions in profits in coming months.
Manchester United Board of Directors block 2023 dividends payment - Harry Barry - Dec 10, 2022 7:22 am
I wonder if something’s being agreed and no leakage is now permitted…
Manchester United Board of Directors block 2023 dividends payment - Mello Wasiu - Dec 10, 2022 8:03 am
What’s Red Nev going to say about this? As he claims they have been taking dividends….
Manchester United Board of Directors block 2023 dividends payment - Jonathan Orji - Dec 10, 2022 8:13 am
Best owners of any PL team. Every other owner is jealous of them..
Manchester United Board of Directors block 2023 dividends payment - Mansiren Ibrahim - Dec 10, 2022 8:24 am
It’s because they’re selling the club. They’ll be happy to take the 3-4 billion profit from the sale.
Manchester United Board of Directors block 2023 dividends payment - Oguntoye Gabriel - Dec 10, 2022 8:35 am
Better to sell now rather than later . ggmu .
Manchester United Board of Directors block 2023 dividends payment - Olaiya Tomisin - Dec 10, 2022 8:42 am
They have scavenged from the club since 2005, they’ve taken money out hand over fist.
Manchester United Board of Directors block 2023 dividends payment - Jide Falola - Dec 10, 2022 9:02 am
The increase in profitability is worth much more in sales value than the dividend is, so they’ll make far more for every pound left in the club. They’re gonna squeeze every last penny they can get out of it.
Manchester United Board of Directors block 2023 dividends payment - Denis Fitton - Dec 10, 2022 11:21 am
Can’t be coincidence that the announcement regarding sale/investment was made just a week after deciding not to take dividends
Sounds like the well has finally run dry and they want out
Manchester United Board of Directors block 2023 dividends payment - Tom Chamley - Dec 10, 2022 11:33 am
Or Are they under pressure to make sure we get Gakpo in January.. Divvies usually £35m + so, would they be used to buy.. Plus, no Ronaldo wages.
Manchester United Board of Directors block 2023 dividends payment - Steve Kenyon - Dec 10, 2022 11:37 am
Will the Glazers really sell ?
Manchester United Board of Directors block 2023 dividends payment - Honourable Noko - Dec 10, 2022 2:00 pm
The goat told us
Manchester United Board of Directors block 2023 dividends payment - Xolani Khabazela - Dec 10, 2022 3:01 pm
Good. Glaizers must find income elsewhere not in man.utd
Manchester United Board of Directors block 2023 dividends payment - Prince Seyama - Dec 10, 2022 3:02 pm
When Zlatan spoke abt this management everyone ddnt believe. When Mourinho did the same they said he was bitter.
Manchester United Board of Directors block 2023 dividends payment - Bonga Tshabangu - Dec 10, 2022 5:06 pm
They really are selling…..