Glazer’s Defiance Amid Financial Woes
In a recent statement, co-owner Avram Glazer made it abundantly clear that Manchester United is not on the market. Amid concerns over the club’s financial health and operational costs, Glazer’s emphatic one-word response—’no’—to questions about selling the club, underscores a commitment to maintaining ownership despite turbulent times.
Financial Figures Raise Eyebrows
The tension surrounding the club escalated with the publication of their quarterly accounts. Notably, the hefty £14.5 million cost tied to dismissing key figures, including manager Erik ten Hag and sporting director Dan Ashworth, drew significant attention. The reports revealed a £27.7 million loss following a £70.5 million EBITDA for the second quarter, as revenues dwindled by 12% year-on-year to £198.7 million. Just what goes through the minds of owners when the balance sheets present such grim data?
A Divided Fanbase Reacts
In response to the dismal financial results, the 1958 fan group voiced their discontent, labeling the quarterly figures as ‘grim reading.’ Their frustrations are likely to manifest during protests planned for the upcoming home fixture against Arsenal on March 9. With Sir Jim Ratcliffe—United’s co-owner—holding a substantial minority stake and making cuts at Old Trafford, the future of Manchester United seems steeped in uncertainty, with the Glazers firmly at the helm.
