Why does a club with a billionaire owner need a 50m or so overdraft??. Thats like me having 3000 in the bank and needing an overdraft to buy a packet of fags
Mark Zuckerberg is worth $50bn... He took a $5m loan when he bought his new home
It´s something people just do I guess.
Financially it's often easier to do, often it's a legalised way of avoiding tax. Apple are the richest company in the world, they have literally hundreds of billions in reserve (could extend our Metro to the West End), yet they often take out loans to cover operating expenses because they can use their reserves and transfer the money into America and use it to pay the loans off without occurring tax.
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