Ranked : Premier League Clubs With The Most Debts
6. Leicester City [€311m]
The club now have a total debt of £267m, with £180m of that owed to King Power or the chairman. Although £33m is a considerable loss, it is half that of the £67m loss recorded the year before, and that is partly due to a significant rise in revenue, which was up from £76m to £226m.
5. Everton [€353m]
Everton are in crisis, to say the least. They have lost in excess of £110m for the last three seasons and have lost more than £385m combined over the last four seasons. Their losses for the past two financial years to £260.8m, the highest ever recorded losses in the Premier League over two seasons, while a £17m rise in the wage bill to £182m means it now stands at an eye-watering 94.2% of turnover.
4. Liverpool [€386m]
FSG and Fenway Sports have the Anfield club run on a tight budget. Liverpool’s owners have taken out loans to develop Anfield in recent years. A total of £197m was drawn down from the credit facility, although it is understood that a significant chunk of that loan has been paid back.
3. Brighton & Hove [€393m]
Brighton & Hove Albion are surprisingly high on the list, although the £337m worth of debt is actually owed to their owner Tony Bloom who is a lifelong fan of the club. Bloom invested £111m into squads in a bid to try and get Brighton promoted to the Premier League and has also overseen the Seagulls move from the Withdean Stadium to the Amex Stadium, which cost Brighton over £100m.
2. Manchester United [€580m]
Manchester United’s latest accounts have revealed that the club’s net debt has risen 11.8% from a year ago. The accounts, for the three-month period ending March 31 this year, show net debt now stands at £495.7million, up from £443.5million. Despite the debt rise, dividends will be paid to shareholders once again, including the Glazers, on June 24.
1. Tottenham [€826m]
Spurs are not just one of England’s top clubs, they have moved into the top dozen in Europe. What’s more, they have leapfrogged Arsenal, their North London rivals, built a terrific new stadium, and have reached the Champions League final. The past decade has been eventful for the Spurs, but they still haven’t won anything since 2008. Tottenham’s gross debt totals €826 million, which is now the highest in the Premier League.
Why are you allocating a debt taken on by CFG to Man City. CFG is the Umbrella group overseeing all 11/12 (I’ve lost count) clubs owned or partially own throughout the world. So why is the cost of a replacement New York City stadium allocated as a debt to Man City.
All Business at some point take a large loan to expand CFG is no different when it works well done but if it goes awry watch out.
Crudely put, as the parent company CFG used some of the loan for the stadium in NY and some for other projects like Man city squad (how do you think pep spent 1 billion euros since he arrived on players) some club money sure but also hand outs from CFG.
The loan CFG took out had to be secured just the same as it does if we want a large loan we secure against our house.
They could have secured with a single part of a business under the umbrella or proportionately against many parts, but they are not going to divulge that to us.
The top 6 all owe large amounts of money, whether to the owner like in Chelsea’s case or, Man city to a parent club.
I have seen reports in financial papers in my position as a financial adviser that 35 million a year is paid by Man City jointly to CFG & Silver Lake (which Includes costs) in interest alone, and due to Covid that figure is set to grow.
If CFG get into financial difficulties that loan money will be redeemed from whatever parts or partial parts of the business was in the loan agreement & CFG.
I am glad my own club Aston Villa and many others in the PL clubs prefer to be there or there about whilst maintaining 0% Debt for the clubs security.
The downside is sometimes we can’t always compete as well as clubs who are happy to go into debt for whatever reason including all the top 6 all owe significant money for their positions that’s a no brainer.
My hat is off to Norwich City & always has been as they are the only totally self funded club in the PL No handouts from Delia if they don’t make it on TV Rights, merchandise, hospitality and ticket sales they don’t spend it.
They are only now in debt due to Covid by a mere 14 Million.
This is why football is wrong, Teams should be capped to only spend on a squad what they can afford without going into debt or should I say debt above the club’s value @ sale so loans can be paid off if things go awry.
It is like this, I get a loan well out of my means for any reason or just to look good then I lose my job, can’t pay the loan as my assets are not sufficient I am Bankrupt, unless I can come up with a payment plan the loan company is happy with.
Trust me we don’t do that often as we want money back plus the interest, sobering thought for clubs in debt.
The Premier league would be more interesting and potentially a more level playing if cap’s were set.