Man Utd spending by Glazer family detailed in stats showing £89m taken from club

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

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

Although United have always been big spenders in the transfer market, they are also one of the most profitable football clubs in the world thanks to their global fanbase, and brought in a mammoth £796m in 2019.

However, the net debt at the 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.

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.

His statement came after the third quarter results at the club revealed that their net debt has increased by £127.4m to £429.1m.

This would have been impacted by the deals to sign Harry Maguire and Bruno Fernandes, who both moved to Old Trafford last summer.

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He said: "Our focus remains on the health and well-being of our colleagues, fans and partners around the world and we are extremely proud of how those connected to the club have responded during this crisis.

"Since the start of the pandemic, Manchester United and our Foundation have provided assistance to hospitals, charities and schools in our communities, as well as support for frontline workers and vulnerable fans.

"These actions reflect our core values as a club and the resilience through adversity that we have demonstrated many times throughout our long history and will do so again to weather these current challenges."

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