Considering debt analysis

I can add a brief context to differentiate net debt from total liabilities. ESPN likely cites club accounts, and historically, United has had significant debt since 2005's LBO, with net debt hovering around

I can provide a quick explanation: net debt is calculated as borrowings plus leases and overdrafts, minus cash. It doesn't include trade payables. Headlines often confuse net debt with total debt or "net spend owed." If ESPN states net debt surpasses $1 billion, that could be unusual and may include borrowing for transfers. We should avoid assumptions since the stadium rebuild hasn't started yet. I can respond in Chinese and offer to translate to English if needed!

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如果你有原文链接或截图,发我也行,我可以更精确地解读。

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