Manchester United have opted not to pay a semi-annual dividend to shareholders in the 2023 financial year, in response to the increased investment in Erik ten Hag's playing squad.
In the last financial year, £33.6m was paid in dividends - mainly to the Glazer family.
United are the only Premier League club to pay a dividend, which has been one source of anger among the club's fans.
The news was contained in United's first quarter financial results and comes just over a fortnight after the American family confirmed they were considering selling the club they have owned since 2005.