The Glazers’ Man United money left uncollected: spend £2 BILLION on transfers and lose £345 MILLION

Financial data shows Manchester United have spent over £2bn on the transfer market during the reign of the Glazer family and increased the club’s weekly wage bill to £178,000 a week per player.

Glazer’s owners are listening to offers for Manchester United after 18 years in charge and have valued the club at £6bn, drawing interest from suitors including Qatar State and Sir Jim Ratcliffe.

Generating more than £7.5bn from ticket sales and even more from broadcast and commercial revenue, United has continued to evolve as a global powerhouse since the Glazers took control in 2005.

Although revenue has boomed, several Red Devils fans have long called for the Glazers to leave Old Trafford, accusing them of mismanaging the club’s finances.

Now data has emerged showing the shocking amount spent by the club during his tenure, particularly when it comes to wages and bonuses.

Longtime Red Devils supporter Sir Jim Ratcliffe has emerged as one of the leading candidates to buy the club.

Despite losing £345m to United, the Glazers have still spent £2bn on the transfer market

According to Kieran Maguire of the price of footballthe Glazer family inherited an annual wage bill of £77m in 2005 and have since made it the highest salary package in the Premier League.

Manchester United players now earn an average salary of £178,000 per week, which is five times higher than during the Glazers’ first season at the club.

The average weekly salary bill per player this year is almost £25,000 higher than ever, surpassing the previous record of £154,000 set in 2019.

In total, £384m has been set aside to cover salaries this year, almost five times the amount spent by the club in the transfer market in 2022 (£79.9m).

However, the players are not the only ones who benefit from the club’s income.

The Red Devils’ board has racked up £129m since 2005, with a director earning just over £4.1m in 2017-18, presumably pocketing a hefty bonus as a result of United’s triumph in Europe. League with Jose Mourinho.

Perhaps most worryingly, £917m in interest payments alone has been doled out to lenders since the Glazer takeover, with loans charging up to 14.25 per cent interest.

Old Trafford bosses managed to quell the interest damage at one stage, with an average of £98.2m per season between 2006 and 2010 falling to just £18m per season between 2016 and 2021.

Financial data shows United have spent more than £2bn on the transfer market under the Glazers.

The Red Devils bet on several high-profile players, including French star Paul Pogba.

However, interest payments have risen once again in the last two years, with £61m paid in 2021-22 and £31m paid in 2022-23.

United shareholders also earned £167 million during the Glazers’ tenure.

As a result, Manchester United have suffered a total loss of £354 million since taking over new ownership, despite making a profit of £278 million between 1992 and 2005.

However, the deficit has not stopped United from spending in the transfer window, with Manchester City and Chelsea alone splurging over £2bn on transfer windows since 2005.

Highly successful signings with the Glazers include the likes of Paul Pogba, Harry Maguire and Antony, each of whom came in for over £80m.

The Premier League giants have only regenerated a quarter of that in total player sales.

One area where United have saved money is through their stadium, doling out hardly any funds to renovate or revamp Old Trafford.

The Glazers have only spent £98m on the historic ground since 2010, less than Tottenham (£1.5bn), Manchester City (£421m), Liverpool (£266m), Brighton (£195m), Leicester ( £153m), Brentford (£126m) and Arsenal (£122m).

United’s board, which previously included Ed Woodward, has made £129m since 2005