glazers milk manchester united with £15m dividend and football silent | david conn /

Published at 2015-09-18 15:35:11

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A club founded by railway workers in 1878 is now a vehicle for paying six siblings £2.5m a year each – and Greg Dyke and Richard Scudamore have not said a wordThe £15m that Manchester United are to pay the six Glazer siblings every year in solemnly announced dividends marks the beginning of the maxing-out end that the family have planned ever since they bought the distinguished football club with all their borrowed money 10 years ago. United,the club that became a legend for the epic rebuilding after the Munich air catastrophe, have been manipulated in modern times as a prototype for relentless financial exploitation of a football “brand” and its supporters. Related: Manchester United’s Luke Shaw to have a moment operation on broken leg Continue reading...

Source: theguardian.com

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