Interest Paid - £806m

In interest alone, Manchester United have spent £806m, essentially just to service the debt that The Glazers placed on the club.

To give this figure some perspective, it took United 13 years under The Glazers to spend the same on players. #GlazersOut

Share Sales- £452m

Since Manchester United was launched on the NYSE in 2012, £452m worth of shares have been sold - none of which has been invested into the club.

In September, the Glazers issued preliminary prospectus to sell up to £322m more shares.

Glazer Dividends - £89m

In 2012, unlike the likes of Manchester City and Liverpool, Manchester United decided to commence dividends payments.

Since 2012, £89m has been paid to the Glazers, with an additional £21m to other shareholders.
#GlazersOut

Dividends were taken in the middle of the 2019 transfer window where Manchester United are struggling to make any additions to a depleted squad.

A further £9m dividend was taken in June 2020 which will take the total figure to £98m.

#GlazersOut

Directors’ fees - £92m

Over the last 11 years, £92m has been taken in Directors' fees of which the Glazers take a significant slice.

Before the launch on the NYSE in 2012, they were also taking £8m a year in 'Consulting Fees'.
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The figures are damning. The Glazers bought Manchester United on debt with a personal stake of around just £200m. They currently own 80% of the club, which is now worth billions.
#GlazersOut

Underinvestment

Ever since the Glazers set foot in Manchester there has been a mixture of underinvestment and misinvestment.

The best example of underinvestment came under Ferguson. Whilst the recruitment was relatively sound under Ferguson, it was limited.
#GlazersOut

Since his retirement, the club have tried to play catch-up thanks to 8 years of severe underinvestment.

United had a net-spend of just £158m across 8 years - that's just £19m per season.

Here's the breakdown of the money paid in transfer fees, under SAF:
#GlazersOut

During those 8 years, we were fed the 'no value in the market' line. Whilst City were building one of the best squads in the world, United were resigned to signing Antonio Valencia as a replacement for Ronaldo.

The year City signed Aguero, United signed Young.
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Woodward has been unchallenged in his current role for 6 years because he's doing exactly what his bosses want him to do.

Woodward has also suddenly become the owner of 539,000 A class shares valued at a whopping $10.8m.
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He will have received a $48,000 dividend in 2019 and the same again in June.

Woodward’s "rebuild" saw United lose Lukaku, Fellaini, Sanchez, Smalling, Herrera and Valencia, only to be replaced by a Championship player, a CB a year too late and a RB 6 years too late.
#GlazersOut

The "rebuild" is Woodward slang for "save the owners money".
Never forget his infamous quote.

“If I answer that just very simply and candidly, playing performance doesn’t really have a meaningful impact on what we can do on the commercial side of the business"
#GlazersOut

Manchester United are falling behind on and off the pitch.

The average spend on refurbishments across all of the club's properties - Old Trafford, Carrington and The Cliff - is just an average of £3.7m per year - the majority of that being spent in hospitality.
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It goes deeper than that, even plans to expand the Ticket Office were shelved in an attempt to save money which leads to situations we saw in the Manchester Derby just last year.
#GlazersOut https://twitter.com/jaymotty/status/1214852077312266245

The entire structure of the club is dated. The facilities are dated. Old Trafford, one of the most historic stadiums in world football is being left to decay.

The roof is leaking. The paint around the ground is tired and tatty.
I could go on all day.
#GlazersOut

To finish, a simple yet very effective quote:

“Debt is the road to ruin” - David Gill, 2004.

#GlazersOut