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In reply to Man Utd being massively in debt. I bet this reply £#%&!ed their heads up
USCouse Re: General Premier League Transfer Thread 2017/18 (No Liverpool) « Reply #1770 on: Today at 07:39:15 PM » Quote from: thelinnen on Today at 05:27:09 PM If a bank can overleverage itself then a football club certainly can. Can't just look at Gross Debt on its own. By that same logic you'd say Apple has 99B USD of debt, ignoring the mountain of cash & annual EBITDA that dwarf that figure. For MU: 583M GBP of debt on the books, offset by 153M GBP of cash. On nearly 200M GBP of EBITDA (2.2X of net leverage) that is easily manageable. This is a bit imprecise since player amortization I think gets added back into EBITDA and that is a very real cash expense, but that is the idea. They are quite healthy. |
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