Manchester United may be up for sale, so is the team profitable? [OC]Submitted by NicuCalcea t3_z2rx3w in dataisbeautiful
burnshimself t1_ixjvb7a wrote
Reply to comment by KanedSonAreYouDumb in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea
It does account for that because their sale of contracts is netted against acquired contract costs in that amort figure
KanedSonAreYouDumb t1_ixlghyh wrote
That’s what I meant by “until they are sold”, Garnacho might have appreciated by £30m for example but that’s not reflected in the accounts
burnshimself t1_ixmarwm wrote
They have historically acquired contracts at a far higher rate than selling any. It is a net cash outflow every year for the past 5 years.
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