Not really, we technically owe a divident to every shareholder.
And unless they each injected X dollar to every shares they have then they to never invested any penny to the club beyond their innitial purchase of the shares.
We're talking about different things. Before the Glazer take-over the club had
no debt. The Glazers did not have enough funds to aquire the club so they took loans against the club's assets. Much of that loan was through PIK loans which are high interest, high risk loans.
Some fans might seem to think that the loans were re-invested in the club which is wrong, they were not. My point is that the Glazer take-over was not in the best interest of the club itself, quite the opposite. To this day around 900M £ of the clubs funds have been spent just to manage the loans.
The initial years of their take-over the loans had insane interest rates which forced us to neglect one of the best teams we've ever had (2008). We had the status to attract any player in the world at that time but the "Glazer debt" caused us not to have the economy. We didn't maintain the team, between 2005-2010 we were outspent by
every top team in Europe. Chelsea, City, Real Madrid, Barcelona all outspent us by more than 500M £. Imagine 500£ in a market where players like prime Ronaldo goes for 100M. Hell even Liverpool outspent us by more than 200M during this period.
The Glazers directly caused the slip we saw just 5 years later in 2013. It wasn't bad luck, nor the natural cycle of football. Even though we had managed the high interest loans by 2010 the Glazers chose not to invest in the squad, hell why should they, we're winning right? SAF was given minimal funds, we fans kept hearing the phrase "
There's no value in the market" , it was just SAF's way to say I don't have the funds.
Many blame SAF for being sentimental in his later years, for not replacing his ageing players but most likely he couldn't replace them with players of equal quality with the funds he had. We broke transfer records left and right before 2005, so SAF was never reluctant to spend but now he simply couldn't thanks to our owners.
The Glazers decided to hold their wallet until it all had gone to shit, by 2013 we needed a complete overhaul, it was too late to simply throw some money at the problem, there were no easy ways back to the top of football.
The Glazers are greedy cnuts who are directly responsible for our decline.