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Manchester United have confirmed that they won't be paying the Glazer family the semi-annual dividend in 2013 due to several factors at the club including the contract termination for Portuguese forward Christiano Ronaldo who left late last month that costed the club over £25 million.
Also, a lot has been invested in the club squad since the arrival of the new manager Erik ten Hag. The BBC says the club confirmed it was also amending its annual EBITDA (earnings before interest, taxes, depreciation and amortisation) forecast from £100m-£110m to £125m-£140m "as a result of reduced player wage costs
The American family who are considering to sell off Manchester United have been earning these dividends since 2015.
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Total net interest paid by Manchester United since being acquired by the Glazer family is £917,000,000 in 2005, which works out as £1.02 million a week |
Manchester United is the only club in the English Premier League that has been paying such dividend. This has on several occasions angered United fans who blame the Glazers for sucking the club dry.
The news that dividends would not be paid has been welcomed by the Manchester United Supporters Trust, which added: "Dividends should not be paid when the club is not achieving success on the pitch, challenging for top honours.
