Premier League owe 56 per cent of European football debt

A report by Uefa shows that the Premier League owes 56 per cent of Europe's total footballing debt - and the figures don't include Portsmouth and West Ham because their financial problems meant they could not be given Uefa licenses.   The combined debts of the Premiership clubs stand at £3.5 billion, four times the figure for La Liga, the second nost indebted division.   The report criticises the leveraged buyout model used at Liverpool and Manchester United which is seen as burdening clubs rather than being used to support investment or spending.    Read more here.