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11-11-2012, 11:11 AM
  #16
barneyg
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Quote:
Originally Posted by kajoo View Post
Every major football club is in debt bar Bayern Munich. Real, Barcelona, everyone. Loss is usually covered by club´s owners, , ManUtd are in debts as well, Chelsea announced they are in profit first time after 8 or 9 years, and it took them to win Champions League to become profitable, which cant happen anymore to them.
Not here to debate your point at all, but there's absolutely nothing wrong with being 'in debt'. Teams/businesses can be profitable and have outstanding debt at the same time, as your ManU and Barca links show (I can't see the Real Madrid article for some reason).

Quote:
Originally Posted by kajoo
There seems to be major misunderstandings between American and European concepts of making sports, North Americans believe that club/league not generating profit is disaster waiting to happen
That's not true at all. What NA people believe is that consistently losing a lot of money is a disaster waiting to happen. Consistently breaking even or losing a small amount of money is expected for most markets and most teams. The Globe & Mail is Toronto's main newspaper and it speaks to a Toronto audience. If you know anything about NHL economics, you know that you can't extrapolate anything out of Toronto to the other 29 markets in that league.

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