![]() According to reports, the club has paid a staggering £743 million in interest payments on those loans since the Glazers took over. ![]() Manchester United are the only Premier League club to pay its shareholders dividends, having paid nearly £166 million in dividends since 2016.īut the most costly piece of the £1 billion-plus sum is the aforementioned leveraged buyout which continues to weigh on the club. This figure includes the Glazers taking dividend payments from United's profits. Total cost to United rises to £1.6 bln if £465m share sales are included. Putting these elements together, I estimate that the Glazers have taken out £1.1 bln from #MUFC (interest £743m, debt repayments £147m, dividends £166m, directors remuneration £55m & management fees £23m). Popular football business analysis blog Swiss Ramble, estimates that the Glazer family ownership has cost Manchester United over £1 billion. It turned out those initial concerns were founded in truth. Fans infamously burned an effigy of Malcolm Glazer outside Old Trafford and there were further protests after the takeover went through in 2005. The Glazers’ takeover was deeply unpopular from the outset, due to the fact it was a leveraged buyout - most of the capital used to buy up shares came from loans secured against the club’s assets. Man United debt balloons under the Glazers ![]() Malcolm passed away later in 2006, leaving his sons in charge and the ownership split among his six children. In 2006, when Malcolm suffered a stroke, his sons Joel, Avram, and Bryan took over the management of the club. Malcolm's acquisition of Manchester United occurred over a period of three years between 20, gradually buying out shareholders over that time and completing a £790 million ($980 million) takeover. That portfolio continued to expand over the years into other industries including food service equipment, media and broadcasting, banking, and many others. He previously owned a majority stake in motorcycle company Harley-Davidson and oil company Zapata Corporation. The late Malcolm Glazer was the family patriarch, acquiring his wealth in real estate and other business interests. The Glazers are an American billionaire family that owns Manchester United and the Tampa Buccaneers of the NFL. MORE: Latest Man United transfer rumors for summer 2022 window Who are the Glazers? When did the Glazers buy Man United? So how did the famous Red Devils get here? The Sporting News brings you the full scope of Manchester United's issues under the Glazers, from their ballooning debts to their disastrous recruitment record. And the ultimate responsibility for the terrible state of our football club must lie with its owners, the Glazer family," said the Manchester United Supporters' Trust, a powerful statement from a body of supporters in a precarious position, given ongoing negotiations with the club over a fan-share ownership policy. Neville is far from the only one speaking out harshly, with voices joining the call for the Glazers' departure from the club. Gary Neville and Jamie Redknapp are CLASHING on #SNF □□□□ /e9d3jAeZN2 "The embedded failure over a 10-year period to where the club is currently at has to come back to the ownership," said club legend Gary Neville in his powerful rant following the latest stain: a 4-0 bludgeoning at the hands of London minnows Brentford. The seemingly indestructible Manchester United aura has been tarnished with the piling up of negative results in recent years. The decline has been precipitous since the 2013 retirement of legendary manager Sir Alex Ferguson, under whom the Red Devils won countless trophies. During their 17 years in charge, the club has sunk to its lowest point in its Premier League existence with little evidence that a turnaround is coming anytime soon. Nothing seems to be changing for Manchester United under the Glazer family, who have held a controlling interest in Manchester United since 2005. "Insanity," he maniacally monologued, while the video game's main character is tied to a chair hanging over a cliff, "is doing the exact same thing, over and over again, expecting things to change." One of popular culture's most under-appreciated fictional villains, Vaas Montenegro, once asked, "Have I ever told you the definition of insanity?"
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