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johnniewelker t1_ixiidtq wrote

Reply to comment by Majestic_Food_4190 in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea

You are looking for a cash flow statement.

The company takes on debt or raise new equity to cover the short fall in cash. I don’t know what Man U does. Also they had £165M in depreciation. That’s not real cash spent. It’s possible they had positive cash flow even before accounting for cash raising activities

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