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[deleted] t1_iumenp6 wrote

Reply to comment by Damascinos in [OC] How does Man United ⚽️ make money? by giteam

A lot of their expenses (amortization and depreciation) are non-cash expenses, so they still have cash on hand even if they’re showing a loss

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33Marthijs46 t1_iumtyt7 wrote

Amortization and depreciation might not be cash expenses but they are derived from cash expenses. United buying Anthony this summer for 100 million isn't listed here. Instead they depreciate 100 million over his contract length. Their net incoming cashflow from operations is near equal to the net outgoing cashflows from investments in intangible assets (player transfers).

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Damascinos t1_iumqsxb wrote

Just because they have cash doesn’t mean they’re profitable. On paper they’re not. No one in their right mind after looking at their books will buy this dumpster fire

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TastyInternet t1_iun4hpp wrote

Man Utd as a sports business is anything but a dumpster fire

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pereduper t1_iumyu2y wrote

People buying football clubs usually dont do so for profit

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