13. Brentford [€86m]
Brentford FC’s gross debt rose £17m from £57m to £74m, with the majority owed to owner Matthew Benham (£60m). Matthew said he was able to bid his money on the team because he has been watching Brentford play since he was 11. He said he trusted the team completely and would still believe in them even if they cost him his money.
12. Southampton [€93m]
Southampton has a significant debt of £80m, although the club had cash of £87m in 2020, it is likely this figure is significantly less now. The club was recently purchased by Dragan Solak alongside Henrik Kraft and Rasmus Ankersen.
11. Wolverhampton Wanderers [€96m]
The ownership group Fosun, capitalised and transformed into equity £126.5 million of shareholder loans. This is undoubtedly good news for supporters of the club, it underlines the owner’s commitment and provides a level of financial security in turbulent times. Wolves also reported external bank loans secured against future Premier League broadcast revenue of circa £60m. It was also recently reported that the club had taken a further loan of £23m.
10. Crystal Palace [€98m]
Parish has worked through some dark times at Selhurst Park but his guidance has welcomed investment, and security, from the likes of Harris and Blitzer and ensured the club has never lived beyond its means. Blitzer and Harris were able to step in and write cheques that Parish could not during the pandemic, loaning the club tens of millions to keep them going during football’s shutdown.
9. West Ham [€127m]
West Ham’s newly announced financial accounts for the 2020/2021 season were released on 30th December which show a record turnover of £192.7m with a £31.7m profit however, the club posted a loss of £26.9m when player trading was factored in. The gross debt of the club has been reduced by 9% (£10.5m) from £119.5m to £109m.
8. Arsenal [€232m]
Arsenal, once the standard-bearers for conservatism and prudence in football, are now in huge debt themselves. The covid-19 pandemic and the club’s continuous absence from UCL football have made the matter worse. The group’s net debt at the end of the year jumped from £108.2 million to £199.1 million.
7. Fulham [€270m]
The latest accounts show that Shahid Khan has sunk more than half a billion pounds of his personal wealth into Fulham. Khan’s investments did earn another promotion but it feels like his money has not quite gone as far as it should do. It is difficult to know Fulham’s FFP numbers precisely, but they have been flirting dangerously with the line.