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323464 t1_ixk8itg wrote

Reply to comment by Cgb09146 in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea

This is actually one QUARTER. Not even a year. And yeah, agreed with the last statement. These are probs just 'paper losses'. That or the team may lose money to act as a tax shelter for the owner. That's pretty much how auto and horse racing work for the rich owners. They get to have their fun etc and lose some money to mitigate other gains.

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Bill_Lumbergh_VP t1_ixko7es wrote

The image says it's for the 12 months ending June 30, so not one quarter. Unless you're saying it's mislabeled?

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PowerhousePlayer t1_ixkwkcl wrote

He probably saw the "Source: Manchester United Q4 2022 earnings release" at the bottom (which just tells us when the information was released) and not the subtitle at the top

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