Manchester United’s ownership protest persists despite the club’s projected record-breaking revenues this year, as revealed during a meeting held at Old Trafford.
Despite not participating in the Champions League last season, United released their third-quarter results, announcing a revised annual revenue forecast between £630m and £640m.
This surpasses their previous record of £627.1m set in 2019. However, the club still faces significant debts exceeding £950m, including outstanding transfer fee payments surpassing £160m.
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While the club celebrates their positive financial outlook, a group of fans continues to voice their discontent with the Glazer family’s ownership.
These protests go beyond concerns over transfers and merchandise sales, with protesters demanding a change in leadership and urging the Glazers to leave the club.
Although the Glazer family, the current owners, had shown willingness to sell the club last November and initiated an assessment of strategic financial alternatives, no sale has taken place yet.
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Speculation suggests that some Glazer family members may be inclined to retain their ownership stake due to Manchester United’s strong financial performance.
Despite claiming to possess the necessary financial resources to compete in the transfer market, Manchester United’s spending is limited by Financial Fair Play regulations, influenced by their previous years’ expenditures.
Furthermore, the club remains committed to securing a new front-of-shirt sponsor for the 2024-25 season. Shareholders did not receive a dividend in the latest financial update.
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