Gary Neville is right about the Glazers’ £11m financial move to Manchester United – Steven Railston
Manchester United chief executive Richard Arnold was secretly taped over the weekend. Arnold admitted last season was a nightmare at United and he hated every game. Arnold explained that fan protests contributed to this nightmare.
The anger at Glazers ownership was palpable after the collapse of the European Super League last year. There were unprecedented protests around Old Trafford and real momentum seemed to be gathering. That momentum was lost throughout the summer, but the anger never really went away. United fans have never approved of their American goalkeepers.
That anger has now resurfaced after the club’s worst season in decades. United recorded their lowest Premier League points tally and the club equaled their longest trophy drought for 40 years last season. Manchester United are becoming painfully unrecognizable, but that doesn’t seem to matter to the Glazers, who continue to make money regardless of results.
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Ed Woodward sadly once said, “Gaming performance doesn’t really have a significant impact on what we can do on the business side of the business,” and those words might have come out of the Glazers’ mouths. they were actually speaking in public.
Although Woodward regrets these comments, they provide insight into the mentality of the club’s hierarchy. The mask slipped on this occasion and confirmed the suspicions of the fans. It’s no wonder Woodward’s departure was widely celebrated.
However, Woodward was only a symptom of Glazers ownership. United have regressed in every department under his leadership and the club need heavy investment to challenge Manchester City and Liverpool. This investment is needed in the first team, the redevelopment of Old Trafford and in Carrington, which is no longer the Premier League’s main training centre.
Given these issues, the reaction of fans to the club’s financial figures last month came as no surprise. They watch the club they love, live and breathe decline before their eyes as the Glazers continue to reap dividends.
The club’s third quarter financial figures have been released and they confirmed United will pay a dividend of £11m to shareholders – mainly to the Glazers – despite losses of £27m for the quarter and £44m. pounds for the year to date, wages up 20% and net debt up over £50m. The dividend has been paid every six months since 2016, including during the pandemic.
The dividend will hit the Glazers’ bank accounts this week and Gary Neville, who has regularly criticized their ownership of the club, is among those angry. “The Glazer family are NOT set to receive £11million in dividends this Friday,” Neville wrote.
“It’s not fair with the investment needed in the squad, stadium and training ground. The club’s cash position is low compared to previous years. An announcement is needed to stop it for at least less than 3 years.”
With the Glazers cutting off the dividend for three years, as Neville suggested, would be an easy and much-needed PR break for club owners. It might be an attempt to build bridges with the fans, but the relationship seems irreparable, in truth.
That’s because fans claim the Glazers never bothered to read the play. They argue that they don’t care about United and they don’t care about the fans. They care about receiving their dividends. It is said that a leopard never changes its spots.
After a disastrous season, United have been thrown into transition and they are now at a crossroads. Erik ten Hag has been nominated, but his work will be undermined without the required infrastructure. There seems to be a ceiling to the success that can be achieved at the club with the Glazers in charge. They have to accept and implement drastic change or sell the club to good keepers.
The latter currently seems unlikely, but protests from supporters are increasing the pressure on their property. When Arnold spoke to fans on Saturday, he warned that the Glazers “are not afraid of people” and that statement will be tested by fans.
The Glazers will receive their dividends on Friday and it is expected United will not have signed anyone by then.
United fans have had enough and the anger is rising again.
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