How The Glazer Family Have Taken £89m Out Of Man Utd Has Been Exposed

Manchester United have paid £89m to their owners – the Glazer family – over the past five years.

The six children of former owner Malcolm Glazer, who passed away back in 2014, officially now own United but it is Joel and Avram who have been in charge of running the club since April of 2006.

Although the Red Devils have always been big spenders in the transfer market, they are also one of the most profitable football clubs in the world bringing in a mammoth £796m in 2019.

However, the net debt at the Old Trafford club rose to £429m earlier this year but they do have cash reserves of £90m with access to £150m in credit.

Swiss Ramble have now crunched the numbers to see how much money has been pumped into each of the current 20 Premier League clubs by their owners over the past five years, and which of them have been taking money out.

They found that seven clubs have benefited from more than £100m funding from their owners in the aforementioned period, who are Chelsea with £440m, Everton on £299m, Aston Villa on £193m, Fulham on £186m, Brighton on £160m, Manchester City on £142m and Wolves on £131m.

At the other side of the list were United, who have paid £89m to their owners, with Tottenham paying out £40m.

SEE ALSO | Champions League Top Scorers (2019/20) – The Complete List

Executive vice-chairman Ed Woodward was open about the challenges that the club face in the wake of the pandemic earlier this year, mentioning the ‘core values and resilience’ that have helped them through.

This article was most recently revised and updated 2 years ago

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