Manchester United owners the Glazer family are in line for a new seven-figure windfall, with the latest dividend payments from the club going out this Friday.
The club’s shareholders will received a combined payment of just shy of £11m, with the majority of that figure going the way of the Glazers.
The payment follows talks at the end of 2021 regarding a fan share scheme, after a pledge made by co-chairman Joel Glazer after his appearance at a fans’ forum meeting back in June and his meeting with the Manchester United Supporters Trust.
Avram and Joel Glazer currently sit as co-chairmen of the Premier League side, with a number of other family members sitting on the board as non-executive directors.
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“A semi-annual cash dividend of $0.09 per share will be paid on 7 January 2022, to shareholders of record on 1 December 2021,” a statement accompanying Manchester United PLC’s first-quarter earnings explained.
The Glazers received around £8m of the last round of £10.7m dividends paid to shareholders in June, per United’s financial statements.
The payment comes in a week when the club have announced significant changes, with executive vice-chairman Ed Woodward poised to leave at the start of February and current managing director Richard Arnold due to take his place.
“As owners, we want exactly the same thing as the fans – a successful team and a strong club – and we want to work in partnership to achieve those objectives,” Joel Glazer said in June, following his appearance at the fans’ forum.
“Fans are the lifeblood of Manchester United and I am personally committed to ensuring that they are given an enhanced voice, through the creation of a Fan Advisory Board and a Fan Share Scheme.”
Such a scheme was said to be close in November, when United released their most recent financial statements.
The Glazer family have been heavily involved with United for much of the century, with Joel and Avram’s late father Malcolm completing a takeover in 2005.
Fans have been involved in a number of protests against the owners during their time in charge, with things coming to a head in May last year amid reports of United’s role in discussions over the proposed European Super League.
Thousands of fans protested outside Old Trafford ahead of a Premier League clash with Liverpool, with some making it into the ground and stepping onto the pitch with banners expressing their frustrations.
“Our fans are passionate about Manchester United, and we completely acknowledge the right to free expression and peaceful protest,” a May statement from the club read.
“However, we regret the disruption to the team and actions which put other fans, staff, and the police in danger.”