> Profits are also capped so these are not potential cash cows people suspect. British tickets are expensive because the government doesn't subsidise the ticket price, which is a separate debate.
The system is capped and collared meaning their profits are guaranteed by the government as well as limited. This system incentivised them to underperform on their contract, buy assets, claim losses. When the franchise completes they liquidise and pay out big bucks to shareholders. They very much are the cash cows that people think they are.
The system is capped and collared meaning their profits are guaranteed by the government as well as limited. This system incentivised them to underperform on their contract, buy assets, claim losses. When the franchise completes they liquidise and pay out big bucks to shareholders. They very much are the cash cows that people think they are.