13 ugly stats that prove the Glazers are Man United’s biggest problem
The Glazer family’s ownership of Manchester United could be coming to an end after they expressed a desire to put the club up for sale – and we’ve collected some eye-catching stats that demonstrate United’s decline on their watch.
Sources said on Tuesday that investment bankers were being instructed by Manchester United’s owners to advise on the process, which is likely to include a full or partial sale, or strategic partnership with third parties.
The American family took over the Old Trafford club in 2005, but fan protests have continued throughout that time amid general anger at the way the Red Devils have been run, particularly as some believe a lack of investment has been made at the club.
“When a business is failing and it’s not performing, it is the owners of that business [who are to blame],” Gary Neville said on Sky Sports after the 4-0 defeat to Brentford in August
“It is really simple. It is failing miserably. They took about £24million out of the club two months ago and they have now got a decrepit, rotting stadium, which is, to be fair, second-rate, when it used to be the best in the world 15 to 20 years ago.
“You have got a football club where they haven’t got a clue. They have bankers in charge of the football club, not making football decisions. They have not appointed a sporting director.
“We can look at the players all you like, but there are that many big things that need to be put right first, they have got to show up and basically face the music. Now is the time. They can’t keep hiding in Tampa and thinking that nothing is going to come back to them.”
If United were sold outright, it would be the latest top-flight club to change hands, after Roman Abramovich agreed to a £2.5billion sale of Chelsea to a consortium led by the American businessman Todd Boehly earlier this year.
Here are 13 of the most eye-catching figures.
– United are the only Premier League club that pays dividends to its shareholders, with the majority of that money going to the six Glazer family members who hold shares in the club.
– Since 2016, United have paid £166million to their shareholders, averaging £22million a year.
– United have also paid £743million in interest since the Glazers’ leveraged buy-out in 2005.
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– No Premier League club made a bigger interest payment in 2020-21 than United (£21million).
– Between 2010 and 2021, United paid £517million in interest payments. The other 19 clubs from the 2020-21 Premier League season paid a total of £536million in interest payments over the same period of time.
– Despite all the refinancings, United’s £592million gross debt is virtually unchanged since the Glazers’ arrival – it was £604million back in 2006.
– Only Tottenham, thanks to their shiny new stadium, have more debt than United.
– United’s infrastructure spending between 2012 and 2021 amounts to just £136million. Manchester City have spent nearly three times that (£374million) while Tottenham’s new stadium and training ground has seen them spend around £1.4billion.
– The Glazers took £154million out of United between 2012 and 2021. No Premier League owner has taken out more money than them in the last 10 years.
In fact, in the last 10 years, no owners in the Premier League have taken out more money than the Glazers have done at #MUFC with £154m (dividends £133m, share buyback £21m). In stark contrast, some owners have put in significant funds: #MCFC £684m, #CFC £516m and #AVFC £506m. pic.twitter.com/HpdE5xDNXr
— Swiss Ramble (@SwissRamble) August 16, 2022
– While the Glazers take money from United, City’s owners put £684million into their club over the same period. Chelsea’s owners also invested £516million while Aston Villa’s owners put in £506million.
– Between 2017 and 2021, Chelsea made more than five times as much in player sales as United. Wolves, Crystal Palace, Newcastle, West Ham, Tottenham, Southampton, Arsenal, Everton, Man City, Leicester City and Liverpool also made more.
– United’s revenue has dropped by £87million since 2017 while Chelsea, Tottenham, Liverpool and City have seen their revenue increase.
– The Glazers have sold some Class A shares in United over the years, making around £465million. But the club hasn’t received any of the proceeds from those sales.