Man Utd have spent more on servicing the Glazers than their squad over the last 15 years…
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.
In the last 15 years #MUFC have generated an impressive £5.9 bln revenue, but had £5.4 bln expenses (including £2.9 bln wages and £1 bln player amortisation), leading to £467m operating profit. This was boosted by £257m profit on player sales, but £817m interest meant £92m loss. pic.twitter.com/ptLDzQk1Ex
— Swiss Ramble (@SwissRamble) May 4, 2021
£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)
£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.
£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?