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staresatmaps t1_ixomj62 wrote

Reply to comment by Cborovsky in Saudi Arabia wants to buy Manchester United and Liverpool by cryptocandyclub

Football teams in Europe generally do not make very much if any money. Ticket prices are much lower than in the US. The rich Middle Eastern owners are known for pumping tons of money into the team to buy the players they want like pet projects. They don't care about making money.

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nghigaxx t1_ixp4rm9 wrote

true for most teams but united print money, they get enough money to be able to run on their own, their current owners have invested 0 into the clubs, they loaned money to buy the club and use money the clubs generated to pay the loans

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staresatmaps t1_ixq1vh4 wrote

Exactly though. Making money off a club is considered bad form in the UK. Whereas in the US all the owners in every sports are making tons of money.

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nghigaxx t1_ixrkax8 wrote

After the United takeover UK gov had to change their law to prevent loan takeover like that, they have to recognize football clubs as cultural existences and not just a company

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