At the end of 2014 football clubs had a combined debt of £1.927bn. To put that in perspective, it is the equivalent of 11.5 per cent of the mortgage debt of British households.
However, this interesting and evidence based blog post takes a broadly optimistic view. The debt mountain is shrinking. Clubs have been using the current television deal to pay it down and the new deal should give even more scope to do so.
At the end of 2014 football clubs had a combined debt of £1.927bn. To put that in perspective, it is the equivalent of 11.5 per cent of the mortgage debt of British households.
However, this interesting and evidence based blog post takes a broadly optimistic view. The debt mountain is shrinking. Clubs have been using the current television deal to pay it down and the new deal should give even more scope to do so.
With any debt the real question is whether you can service it. The clubs at greatest risk are those that are relegated and no longer have access to the riches of the Premier League.
The author makes a lot of references to the economist J M Keynes. He was a prolific writer and one of his more obscure pieces is an account of a match between Aston Villa and Blackburn Rovers. He seems to have most enjoyed the drinks in the pub afterwards.