How the Glazers Keep Winning While Manchester United Keep Losing?

Manchester United were the richest football club in the world when the Glazer family bought them in 2005. Twenty-one years later they trail Real Madrid and Liverpool in revenue, the fans are furious, and the Premier League title hasn't come back since 2013. Yet the Glazers' investment has grown enormously. How? This video follows the money: the leveraged buyout, what it cost the club, why United's share of a booming Premier League shrank, and what the owners kept while the club lost ground. CHAPTERS 0:00 The richest club in the world 0:28 United in 2004: the biggest money machine 1:24 Who was Malcolm Glazer? 1:57 The Tampa Bay Buccaneers 2:46 They bought a winner, not a project 3:55 The £790 million takeover 4:45 Who pays for a leveraged buyout? 5:08 Why United kept winning anyway 6:15 The £1.2 billion that flowed out 7:46 The Premier League gets rich 9:08 United's slice of the pie 10:10 What if the share had held? 11:24 Real Madrid, Liverpool and the rest 12:14 Falling to 8th in the revenue rankings 13:47 Old Trafford and deferred investment 15:48 After Ferguson 17:06 The NFL versus European football 18:48 Share sales, dividends and the stock market 20:06 Ratcliffe, and who still holds the votes 21:21 So how do the Glazers keep winning? WHAT THIS VIDEO IS NOT It does not claim the Glazers stole anything or that a different owner would definitely have done better. The £230 million gap is an illustration of what a constant share of the league would have meant, and much of the £1.2 billion went to lenders, not the family. NUMBERS USED Figures are taken from the narration and, where noted on screen, from the BBC Verify investigation, Deloitte's Football Money League and Manchester United's filings. Revenue is not profit. #ManchesterUnited #Glazers #FootballFinance