• April 18, 2021

#Football: Glazers Pile Up £10million Tax Bill For Man United, Pay Themselves £11m

(AGENDAWATCHDOG) – Mancherster United are facing criticism after they put off paying a £10million tax bill despite being set to fork out £11m in dividends next month to their owners, including £8.5m to the Glazer family.

Small print in United’s latest quarterly results reveal the Premier League giants chose to defer their £10m VAT bill to the UK Government for a year.

Yet the dividend, the second £11m windfall for their shareholders over the past 12 months, comes as United announced last week that their net debt had risen by £127.4m to a huge £429.1m. The Glazers will pick up more than £8.5m of the latest dividends.

Agenda Watchdog

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