Glazers £11m dip into club is ‘lose/lose’ – Nev

GARY Neville has pinpointed two major issues with United paying £11m to shareholders as part of a twice-yearly process which will see the Glazers pocket the majority of that figure.

Dividends are paid each January and June to stake-holders including the six Glazer siblings, who continue to hold shares in the Old Trafford club.

Throughout their ownership, the Glazers have regularly taken large sums of money out of the Reds.

As such, Neville and other prominent figures – including supporters – have questioned what knock-on impact that has on United and their fortunes both on and off the field.

This latest dividend payment comes after debts at the club rose to nearly £500m.

That was confirmed as part of an 11.8 per cent increase from last year when up-to-date accounts were revealed last month.

Meanwhile, as part of their muchneeded rebuild under new manager Erik ten Hag, the Premier League outfit have yet to get any deals across the line this summer.

Jurrien Timber, Frenkie de Jong, free agent Christian Eriksen and Antony are among those on the radar.

However, terms for those targets or potential alternatives have yet to be agreed.

Needless to say, Neville outlined that as one glaring problem at a time when United need on-field investment after they were unable to claim a spot in the Champions League last season, while also extending their trophy-less run into a fifth year.

Addressing the concern on social media, Neville tweeted: “£11m being taken out at this point is a lose/lose.

“The first loss is the £11m is needed in many areas of the club.

“The other loss is they will now overpay to pacify critics/fans/media for players not as good as our rivals are buying for much cheaper, which depletes us even further.”