Mail Online have produced a very useful summary guide to the financial health of Premiership clubs. In the days before the advent of the internet we would have called it a ‘cut out and keep guide’.
Mail Online have produced a very useful summary guide to the financial health of Premiership clubs. In the days before the advent of the internet we would have called it a ‘cut out and keep guide’.
Chelsea have the biggest debts with £1 billion owed to Roman Abramovich, but quite what this would mean if he fell off his yacht is an open question. Manchester United still have debts of £342m, but are servicing them without any impact on their ability to purchase the players they want.
The £246.5 million of debt at Arsenal is described as ‘good debt’ because it was used to build the new stadium. There is no doubt that the move to the Emirates represented good commercial sense, but it may well have held back spending on players for a time, although one also has to consider Arsene Wenger’s emphasis on developing young players.
At the other end of the spectrum, Swansea and Tottenham Hotspur are debt free, although an issue for Spurs is how they are going to fund the redevelopment of White Hart Lane. West Bromwich Albion have debts of just £1 million.