🚨🚨To all Manchester United fans
This is the reason we didn’t sign our main targets this summer:
The INEOS–Glazer deal (announced December 2023, completed February 2024) includes a Governance Agreement that restricts dividends.
What it says:
No dividends (or other distributions/return of capital) on Class B shares until 20 February 2027 (three years after closing).
Any dividend that is paid must be pro-rata across share classes, except that before Feb 2027 the company could theoretically pay a dividend on Class A shares only.
INEOS (as the “Minority Holder”) has consent rights over any Class B dividend during that three-year window.
This was a formal version of a pause that had already started informally. The last dividend was paid in June 2022 (£33.6m that year). The board stopped approving them in November 2022.
Why it matters:
Class B shares are the super-voting shares mostly held by the Glazers. The restriction stops them taking money out through those shares without INEOS agreement for three years. After February 2027 the restriction on Class B dividends drops away (unless the parties agree something new).
The Glazers are gearing up to start taking dividends again - all thanks to Jim Ratcliffe.
@Lionel_Lingard these ex players are actually thick the way they won trophies apart from Jlingz at manchester united to say now 3rd is a success it’s a joke no it’s not @GNev2 is worse tho wants to build a new stadium because glazers let OT rot
@Lionel_Lingard@MarcusJLUHG so you think finishing 3rd as manchester isn’t a failure it is because we should be 1st place you are one of the reasons standards have dropped how can fans not expect finishing 3rd it’s what manchester united should be doing
If you ever need an image that represents the damage that Ed Woodward and the Glazers have done to this club it is this one.
How do you spend over TWO BILLION and be in the position we are without the highest level of incompetence?
Jassim wanted 100% of Utd Debt-free #GlazersOUT A reported £4.5bn offer
INEOS bought 27%. The Glazers kept control
That’s not a new era. It’s the same ownership with a new face
INEOS means #Glazers
Different faces
Same problems
#GlazersAndRatCliffeOut FullsaleNow
No compromise.
Jassim wanted 100% of Utd Debt-free #GlazersOUT A reported £4.5bn offer
INEOS bought 27%. The Glazers kept control
That’s not a new era. It’s the same ownership with a new face
INEOS means #Glazers
Different faces
Same problems
#GlazersAndRatCliffeOut FullsaleNow
No compromise.
🚨What could have been… and it genuinely makes me SICK thinking about it. 💔
100% of Manchester United bought in CASH.
The old debt CLEARED.
ZERO new debt.
🇶🇦 An investment package reportedly worth over $8 BILLION.
Sir Jim Ratcliffe gave the Glazers the lifeline they needed — an offer that allowed them to sell only a portion of the club while REMAINING at Manchester United.
We had the chance for a complete fresh start. Instead, we’re STILL watching this club operate with one hand tied behind its back.
What a massive opportunity missed. 💔🔴
Let it be known.
Rúben Amorim took the fall for Jason Wilcox and Omar Berrada.
Those two should have been the ones getting sacked.
Instead, Amorim became the scapegoat.
Why?
Because he stood by his principles. He spoke his mind. He demanded better.
And he was becoming a problem for the people above him.
Amorim could have exposed their incompetence.
So they got rid of him.
Then they changed the structure.
No proper manager.
Just a head coach they could control.
Someone they could tell what to do.
What not to do.
What to say.
And what not to say.
Then they chose the least qualified option.
That is the part people need to understand.
This wasn’t just about Amorim.
It was about protecting the people who made the decisions that put United in this position.
I won’t put all the blame on Michael Carrick.
But I won’t completely exonerate him either.
He took the job knowing exactly what he was walking into.
Amorim pushed for proper players.
He demanded reinforcements.
Carrick has gone into interviews praising this squad.
He has said it is good enough.
He has backed the squad.
Fine.
Then if this goes sideways, own it.
You backed this squad.
You took the job.
You chose to trust these players.
So when the shit hits the fan, don’t tell us the squad wasn’t good enough.
That decision will be on you.
🚨 EXCLUSIVE: Sheikh Jassim BREAKS SILENCE on Manchester United Takeover: "I was ready to clear the debt instantly — they chose austerity over ambition!" 🇶🇦💸🔥
Clearing the £1 billion debt in day one was never an issue for me — ambition is something you either have or buy into. Manchester United isn’t a cost-cutting project for penny-pinchers; it’s a global giant. The fans were promised a new era, but all they got was partial ownership, raised ticket prices, and corporate excuses. I was ready to restore the club to the very top overnight.
Manchester United deserves an owner whose ambition matches its history, not someone looking to make a quick return on investment. I offered a 100% debt-free takeover, full stadium modernization, and unlimited backing in the transfer market. Instead, the club chose partial ownership and austerity. The fans will eventually realize what they missed out on.