[OC] How does Man United ⚽️ make money?Submitted by giteam t3_yj2h09 in dataisbeautiful
ShapersB t1_iumz5xt wrote
Reply to comment by slothonvacay in [OC] How does Man United ⚽️ make money? by giteam
More loans. They either refinance their loans or draw on their flexible credit.
slothonvacay t1_iumzn06 wrote
So they take out loans to pay off their loan interest. Sounds promising
ShapersB t1_iunpu5p wrote
Not exactly. They take out loans to cover the loss because they've used up the cash reserves. The interests are only part of the losses.
That being said, the total cost of the Glazers' ownership of United has surpassed £1.6 billions when you include their recent sale of shares that should have benefited the club that actually paid for them.
Whiskeyjack1977 t1_iunxehy wrote
They also take loans to finance their dividends, leeches gotta leech!
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