The Glazer family, which owns Manchester United, has infuriated disgruntled fans after it emerged the club’s shareholders will be paid £11M next month, while debts are rising and transfer spending this summer is expected to be cautious.
United reported its position in the third quarter of the financial year on Thursday and revealed that the club’s net debt had grown by £52M (11 per cent) to £496M, while the total debt is £591M.
In addition, United’s salaries rose 20 per cent to £102M in the three months to March 31, during a season that has seen the club achieve just 58 points, its lowest tally in the Premier League era.