Neville criticises Glazers for taking £11m out of Manchester United
‘It isn’t right’: Manchester United legend Gary Neville SLAMS plans from the Glazers to take out ANOTHER £11million in dividends from the club as he insists money is badly needed for investment in the ‘team, stadium and training ground’
- Gary Neville criticsed the Glazers for taking £11m out of the club in dividends
- Neville feels their action is wrong at a time when United need major investment
- United’s financial report showed their net debt has gone up to £496million
- The United legend believes the £11m should be reinvested back into the squad
Gary Neville has once again taken aim at the Glazer family for their decision to take £11million out of Manchester United in dividends this Friday, claiming the move to do so ‘isn’t right’.
United’s shareholders are in line to earn significant payouts after the club revealed their financial results but Neville, a United legend, wants the Glazers to ignore the windfall set to come their way and reinvest it back into the team.
Neville is livid that United’s owners are performing such an action when significant investment in the club is required, especially when all of United’s rivals are conducting their transfer business so early on in the summer.
Gary Neville has criticised the Glazer family for taking £11m out of the club in dividends
Avram Glazer (left) and Joel Glazer (right) took out dividends despite United’s significant debts
United legend Neville took to Twitter on Monday to blast the Glazer family
The former right-back believes that the Glazers shouldn’t take any dividends for at least the next three years and took to Twitter to let rip at the club’s American owners.
Neville wrote on Twitter: ‘The Glazer Family should NOT be taking £11m in dividends this Friday. It isn’t right with the investment needed in the team, stadium and training ground.
‘The clubs cash position is low compared to previous years. An announcement is needed to halt it for the next 3 years minimum.’
United’s financial report, which was posted last month, showed that the club’s net debt had gone up by £52million to £496million. In total the club’s debt now stands at £591million.
New United manager Erik ten Hag is eager to make significant additions to his squad
Despite a woeful season in which United finished in sixth place in the Premier League, they have yet to make any signings during the summer transfer window.
New United manager Erik ten Hag is eager to add to his squad by bringing in players such as Barcelona midfielder Frenkie de Jong.
As Neville alluded to, United also require investment in Old Trafford and their training ground.
Last weekend during a meeting with fans at his local pub, United chief executive Arnold admitted United had ‘burned through cash’, describing the last 12 months as a ‘f***ing nightmare’.
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