Neville slams Glazers' plan to take £11m from Man Utd dividends and demands they invest in stadium and training ground | The Sun
GARY NEVILLE had slammed the Glazers’ plan to take £11million in dividends from Manchester United this week.
And the Red Devils legend has urged them to invest in the stadium and training ground instead.
The Glazers, who have owned United since 2005, will be collecting a mammoth £11m on Friday.
That’s despite United’s net debt increasing by 11 per cent to £496m.
The Red Devil’s total debt is now a staggering £591m.
But shareholders will still be collecting large cash dividends on Friday, having been paid every six months since 2016.
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The handout has infuriated Neville, a loud critic of the Glazer ownership.
He believes the Americans should not be putting their hands in the kitty for at least the next three years.
And Neville has implored them to instead use the money to upgrade Old Trafford and Carrington, both of which are showing their age.
Also insisting United need more money to land Erik ten Hag’s top transfer targets, Neville tweeted: “The Glazer Family should NOT be taking £11m in dividends this Friday.
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“It isn’t right with the investment needed in the team, stadium and training ground.
“The club’s cash position is low compared to previous years.
“An announcement is needed to halt it for the next three years minimum.”
Neville’s warning comes after CEO Richard Arnold told fans the club has “f***ing burned through cash” after a “nightmare” season.
The Red Devils chief met fans at a pub before they protested outside his house.
And Arnold told them: “We’ve f***ing burned through cash. We spent a billion pounds on players, we spent more than anyone in Europe.
“I am not thrilled with where we are, it doesn’t sit easy and we’ve got to get this sorted.
We’ve blown through an enormous amount of money
“You can’t go to our training ground and go ‘show me where that billion pounds is here’.
“I don’t think we’ve done well with the money we’ve spent historically.
“We’ve blown through an enormous amount of money.
“Last year was a f***ing nightmare. I was hating every minute of it.
“This summer, the money that the manager and director of football wants is there.
“Do you want me buying the players? Doesn’t that ring a bell?
“For the future, for investing in a new stadium and that sort of stuff, for a £250m training ground, we’ve got to do something, we’ve got to get investors in.
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“I need that to do what I want for the club — I’ve got to have more cash than I have now.
“The money has got to come from somewhere, you may not like them, if you want someone else to come in they have to love the club and the team.”
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