Manchester United held an official investor call on Thursday, speaking about the financial state of the club.
Chief executive Richard Arnold has confirmed that the Red Devils had a net loss of £115.5 million for the 2021/22 season.
The club's debt also went up from £419.5 million last year to £514.9 million in 2022 — an alarming increase of more than 22 per cent.
And yet, Man United still paid a total of £33.6 million out in dividends — mostly to the Glazer family — in the financial year up to June 30, 2022.
Source: BBC
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