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incorrect MPthe way a balance sheet works is when your expenses are higher than your revenue ( from all sources) you are trending to bankruptcyplease define the "welfare" that horse racing receives before you said subsidy, which is it welfare or subsidy , there is a difference if as you say horse racing receives "welfare" that counts as a revenue stream, you cant just take it away like its not therewhen/if that revenue stream dries up than it may be a different storey
So you've made your point, over and over on several threads. Lot of truth to it admittedly but give it a rest, huh?Just lookin to get a rise from people at this point obviously.