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Turning a Historic Club into a Cash Cow: The Story of Manchester United & The Glazers

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Manchester United’s owners, the Glazers, have been controversial figures since taking over the club in 2005. Many protests from fans have been aimed at their American owners, with Manchester United’s debt climbing, poor transfer markets, and Ed Woodward to run the football side of things for far too long in the opinion of some. With the help of RISC Vision, we’ll take a deep dive into Manchester United’s financials, their debt, their dividend payments and more.

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SOURCES:

Man Utd's Ed Woodward: the man behind the Glazer financial plan: https://www.bbc.com/sport/football/21532300

Debt £511m but dividends galore: the Glazers’ legacy at Manchester United: https://www.theguardian.com/football/2019/oct/17/glazers-legacy-manchester-united-liverpool

Avram Glazer cashing in shares exposes truth: It’s personal profit before titles: https://theathletic.com/2445359/2021/03/12/avram-glazer-cashing-in-shares-exposes-truth-its-personal-profit-before-titles/

Manchester United tackle debt by floating on New York Stock Exchange https://www.theguardian.com/football/2012/jul/04/manchester-united-debt-cayman-islands

Inside Manchester United (MANU): How Its Owners Incurred So Much Debt: https://www.investopedia.com/ask/answers/052715/why-manchester-united-manu-carrying-so-much-debt.asp

Manchester United IPO Changes Make Glazers Richer And Fans Angrier https://www.forbes.com/sites/mikeozanian/2012/07/31/manchester-united-ipo-revised-to-make-glazer-family-wealthier/?sh=7f779b2439ba

Manchester United IPO: History Says Don't Buy https://www.forbes.com/sites/chrissmith/2012/08/10/manchester-united-ipo-history-says-dont-buy/?sh=65be21b148fb

Glazer's takeover - timeline: https://www.manchestereveningnews.co.uk/news/greater-manchester-news/glazers-takeover---timeline-1073196

The Athletic: The Glazers https://theathletic.com/1833452/2020/05/26/glazers-malcolm-joel-manchester-united/

Glazer family loans saddle Manchester United with debt of £716m: https://www.theguardian.com/football/2010/jan/21/manchester-united-glazers-debt

Glazers milk Manchester United with £15m dividend and football silent: https://www.theguardian.com/football/blog/2015/sep/18/glazers-manchester-united-15m-dividend-greg-dyke#

Manchester United SEC Filing: https://www.sec.gov/Archives/edgar/data/0001549107/000110465920117718/tm2023793-1_20f.htm

#MUFC #EPL

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