Man Utd under the Glazers – the ridiculously frightening numbers

Ian Watson
Glazer Man United F365

Man Utd have spent more on servicing the Glazers than their squad over the last 15 years…


Whatever you make of the scenes at Old Trafford on Sunday, the numbers behind the Glazers’ ownership of Manchester United make it easy to understand the protestors’ grievances.

Here are some of the eye-watering figures behind the Glazers’ stewardship of United, thanks in part to the wonderful Swiss Ramble, whose delve into the numbers goes much deeper.


£790million – the amount it cost the Glazer family to acquire a controlling stake in United in 2005.

£550million – the total debt immediately loaded on to the club as a result of the Glazers’ takeover. This was made up of £275million of  ‘payment in kind’ hedge fund loans at an initial 14.25% interest rate, and £265million of bank loans.

£3.05billion – the club’s current valuation, according to Forbes. Barcelona (£3.5billion), Real Madrid (£3.4billion) and Bayern Munich (33.06billion) are valued higher.

£526million – United remain in debt to the tune of over half a billion pounds, 16 years after the takeover. In the Premier League, only Tottenham have larger debts but at least they have a new stadium to show for it. At Old Trafford, the roof is leaking. Before the Glazers, United had no debts.

£5.9billion – the revenue generated by United in the 15 years up to 2020 under the Glazers’ ownership

£5.4billion – the club’s expenses during the same period, which includes £2.9billion spent on player wages and £1billion on player amortisation.

£467million – total operating profit in 15 years since 2005.

£817million – the total amount paid in interest over the 15-year period up to 2020 to service debts, an average of £54million (or one Fred) per season.

£1.005billion – the net spend on players under the Glazers to 2020. United spent £1.4billion on new arrivals; they made £400million from player sales.

£1.073billion – the total amount spent to finance the Glazers’ ownership in the form of interest payments (£704million), debt repayments (£244million) and dividends (£125million)

MORE ON THE GLAZERS: Johnny Nic | Winners and Losers | Mailbox

£496million – the amount spent on interest payments between 2010 and 2020, more than all the other Premier League clubs combined. United’s total is £356million more than the second-highest amount (Arsenal, £140million)

16 per cent – the share of United’s £6.8billion expenditure spent on financing the debts.

£185million – the amount spent on club infrastructure at Old Trafford and Carrington. Five Premier League clubs, including Brighton, have spent more in the last 10 years.

£22.2million – the average dividend paid per year over the five years from 2016 to 2020.

£336million – the rise in revenue under the Glazers between 2005 and 2020. But Manchester City (£417million) and Liverpool (£370million) have enjoyed bigger growth in the same period.

£94million – the growth in broadcasting revenue, an increase of 204%. But Chelsea (£130million, 247%), Liverpool (£152million, 305%), Manchester City (£166million, 686%)  and Tottenham (£107million, 373%) have all enjoyed larger growth in the same period.

£224million – the growth in commercial revenue between 2005 (£55million) and 2020 (£279million). Manchester City have enjoyed the same growth, from £22million to £246million – 1026%

£3million – the negligible growth in commercial revenue from 2017 and 2020. Other big six clubs’ commercial growth over the same period: Tottenham – £86million; Liverpool – £80million; Chelsea – £37million; Man City – £28million; Arsenal – £25million.

Ed Woodward Richard Arnold Man Utd

£1.1billion – the gap in revenue between United (£5billion) and the Premier League’s next highest earners, Manchester City (£3.9billion), between 2010 and 2020.

£118.1million – the fall in revenue (£509million from £627.1million) up to June 30, 2020.

£23.2million – the annual loss made by United up to June 30, 2020.

£23million – the amount in dividends paid out to shareholders by United, mainly to the six Glazer siblings (around £18.5million), in the same period.

£7billion – according to The Guardian, a valuation of the club the Glazers are keen to achieve in the long-term, more than double its current value. What the f*ck would that look like?