Manchester United may be up for sale, so is the team profitable? [OC]Submitted by NicuCalcea t3_z2rx3w in dataisbeautiful
AccuracyVsPrecision t1_ixjrn8b wrote
Reply to comment by Majestic_Food_4190 in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea
They pay the Glazers money in the books in the form of a loan instead of paying taxes as a dividend.
Most of the capital used by Glazer to purchase Manchester United came in the form of loans, the majority of which were secured against the club's assets, incurring interest payments of over £60 million per annum
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