Manchester United owners, the Glazers, have backed up their decision to sale Manchester United with a shock move, MySportDab reports.
The Glazers refused to take dividends at the club fot the first time in 6 years after coming under intense pressure from fans.
According to Daily Mail, the American investors have refused to remove dividends after Manchester United’s financial reports trickle in.
The reports show that the Glazers did not touch the dividends for the first time since 2016.
The Glazers suffered heavy criticism after reportedly taking £11million dividend out of the club in June.
This time, the board of directors, which is mostly made up of the six Glazer siblings, had to correct past mistakes by not approving the latest semi-annual payment to shareholders.
Figures released by the Old Trafford club show an increase in revenues by 13.6%, with projected revenue estimated between £590m and £610m throughout the year.
The decision not to remove the dividends by the Glazers is basically an economic decision.
Manchester United spent over £200m on new summer signings bringing in the likes of Lisandro Martinez, Tyrell Malacia, Antony, Casemiro, and Christian Eriksen.
Manchester United fan Advisory board have welcomed the decision not to remove the dividends after questioning the rationale to remove £11million as dividends in June despite the club struggling to return to a sound footing.
