Maguire rips into 'petty' Man United chiefs 'not paying the Manchester living wage'
Manchester United have a responsibility to look after their shareholders but must ensure they don’t do so at the expense of their other staff.
That is according to finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively after a quiet transfer window for United.
Amad Diallo, an 18-year-old winger from Atalanta, was the club’s only January signing despite the fact that Ole Gunnar Solskjaer’s side are 2nd in the league table.
While in normal circumstances their league position may have led them to reinforce, the pandemic is causing clubs to be more cautious in their financial management.
United have big costs to pay, says Maguire, so supporters can forgive a lack of investment in the transfer market but should take a less sympathetic view of the club’s treatment of other non-playing staff.
He told Football Insider correspondent Adam Williams: “They’ve been very good in some areas in terms of supporting the local community, paying their matchday staff at the end of last season, for example.
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“But they tend to spoil it by doing petty things like not paying the Manchester living wage. Even FC United of Manchester are paying it.
“It’s all well and good saving a few quid on transfers, but if you’re not doing the basics…
“They’re paying Ed Woodward £3m, they’re paying the shareholders £22m, they spent another £25m buying back shares from the stock market. The living wage is only an extra 58p an hour.”
Manchester United Plc’s overall turnover was down 18.8% for the 2019-20 financial year, according to their annual reports.
They chalked up £70m worth of losses to pandemic-related revenue blockages, while the lack of lucrative Champions League football last season was also an issue.