"Manchester Evening News" news: Although the debt continues to rise, Manchester United once again distributed 11.9 million pounds to the Greg family, so that the amount of dividends this fiscal year has exceeded 23 million pounds.
The article pointed out that although the new crown epidemic has caused the Red Devils to lose 70 million pounds in income, plus this time of 11.9 million pounds, the total amount of dividends this fiscal year has reached 23 million pounds, and most of this will be paid to six people. A member of the Greg family who owns shares.
It is reported that the most recent dividend plan was approved by the board of directors in February this year. At that time, the epidemic had not fully affected the UK. Manchester United pays dividends twice a year, in January and June. It is not yet known whether the next dividend plan will proceed as usual.
Earlier, Manchester United announced last season’s financial report. The total revenue of the 2019/20 season was 509 million pounds, which was a decrease of 118 million pounds from the previous year’s 627 million pounds, and revenue fell by 18%. Manchester United CEO Woodward said: "Due to the continuous spread of the epidemic around the world, huge challenges and uncertainties may still occur. We expect this financial impact will continue to exist for a long time to come."