Manchester United’s owners have not taken their semi-annual dividend, according to quarterly financial records.
The decision was made just a week after the Glazer family said last month that they were considering selling the club.InformationGuideNigeria
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According to United’s first-quarter fiscal 2023 statistics, “on 15 November, the board of directors did not approve the payment of the semi-annual dividend for fiscal 2023.”JAMB Result
On November 22, the day after United parted ways with Cristiano Ronaldo, it was stated that “a process to investigate strategic alternatives to promote future growth” had begun.
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The statement went on to say that “the board would evaluate all options, including new investment into the club, a sale, or other transactions.”
The Manchester United Supporters’ Trust welcomed the news.NYSC Portal
A statement read: “We are glad that, while the dividend issue has dragged on for far too long, we have finally got to the right position.
“Certainly dividends should not be paid when the football club is not achieving success on the pitch, challenging for top honours.
“That is rewarding failure and removes the incentive for the owners to ensure sufficient reinvestment of profits back into the football club.JAMB Portal
“Our view is that no further dividends should be paid while new investment and ownership remain unresolved.”
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