Glazer was asked about the future of United on the day the club published their quarterly accounts and the £14.5million cost of getting rid of manager Erik ten Hag, sporting director Dan Ashworth and other members of football staff was revealed.
The quarterly accounts showed that United’s earnings before interest, tax, depreciation and amortisation (EBIDTA) were £70.5m for the second quarter, but player trading and interest costs meant they ended up recording a £27.7m loss.
Sir Jim Ratcliffe, United’s co-owner, has a 28.94 per cent stake in the club through his Ineos group and has made cuts at Old Trafford amid a substantial drop in revenues and operating profit.
Total revenue was down 12 per cent year on year to £198.7m, with net finance costs up from £300,000 to £37.6m on the prior year quarter due to an “unfavourable swing” in foreign exchange rates on unhedged US dollars borrowings.
The Manchester United Supporters’ Trust, meanwhile, said the latest figures “lay bare the scale of the financial mismanagement” at the club.
