Ed Woodward, executive vice-chairman of Man Utd
Ed Woodward, executive vice-chairman of Man Utd

Manchester United staff have each been given £1,000 worth of shares in a move that will cost the club in excess of £700,000.

The gift is for all permanent employees, both part-time and full-time, and they were given the news on Friday. It excludes manager Jose Mourinho, his players, coaching staff and club directors.

READ ALSO  Tennis : Murray dethrones Djokovic as world number one

The shares will be given at $16.88 (£13.14), the price they closed at on Friday.

READ ALSO  Pharaohs’ battle:Oliseh may name squad this week

However, they will not be paid until June 2018. The club will also pay the income tax liability, which will be due at the same time, on the shares.

READ ALSO  Cristiano Ronaldo wins 2016 Ballon d'Or

AdAre you a One Minute Man? This Nafdac Approved Solution Would Help you Last 30mins+ with no side effects