Which English clubs are in debt?
Clubs with the largest debts in English football
- Chelsea £1.3bn.
- Tottenham Hotspur £534m.
- Newcastle United £384m.
- Brighton & Hove Albion £279m.
- Manchester United £271m.
- Liverpool £157m.
- Wolverhampton Wanderers £103m.
- Watford £97m.
Is Liverpool FC in debt?
The accounts show that Liverpool’s external debt rocketed from £50 million to £198 million as they reacted to the uncertainty of the pandemic by utilising their loan facilities. However, The Athletic understands that a significant chunk of this has since been repaid.
What football club is in the most debt?
Football Clubs Debt List 2021
| Position | Club | Debt |
|---|---|---|
| 1 | Tottenham | £1.2 billion |
| 2 | Barcelona | £1 billion |
| 3 | Atletico Madrid | £804 million |
| 4 | Manchester United | £771 million |
Are Tottenham in debt?
The £1.2billion stadium saddled the club with debt of more than £600million but was supposed to quickly pay itself off through groundbreaking match-day revenues and events including NFL games and concerts. Spurs briefly reaped the rewards of the project, collecting nearly £6m per full-capacity match last season.
Are Chelsea FC in debt?
A unique aspect of Chelsea’s finances is a EUR 1.4bn intercompany debt, as Abramovich has been supporting the club by loaning a significant amount of money since his takeover in 2003.
Is Manchester United in debt?
Manchester United’s net debt has fallen by more than £50million in their annual financial results, released today. United’s figures showed the club’s net debt currently stands at £419.1million, down from £474.4m last year.
Are Leeds Utd in debt?
Some of the numbers, including a debt of around £2.2m that the club don’t expect to recover from an unnamed debtor, did raise his eyebrows, however, and he sees the scale of their revenue, with turnover up from £48.9m to £54.2m, as a feather in the cap of those running Elland Road operations.
Is Chelsea debt free?
This bit of financial hand-waving means that Chelsea, as a club, are essentially debt-free, though Abramovich could theoretically call in the full amount owed, which could lead to an interesting situation — though in practice would essentially mean he’s selling the club and the new buyer would have to fulfill that debt …
Are West Ham in debt?
David Sullivan has stated that West Ham are £150million in debt and that the club are welcome to new investors.
Are Manchester United in debt?
Why FCB is in debt?
The club’s debt included almost 390 million euros ($460 million) related to player salaries, Laporta said. There were banners outside the Camp Nou criticizing Laporta and accusing him of not doing enough to keep Messi.
Which is the only Premier League club to not be in debt?
The only ‘Big Six’ club to not register debt (Arsenal – £42 million net debt), City recorded net funds of £57 million on the back of an historic treble-winning season. Though, this is in part due to much of their financing coming from share capital via their owners (who, of course, are an obscenely rich Middle Eastern royal family).
What happens if a football club is in debt?
Yet debt should really be only one part of the concern for fans. Even if owners write off what they are owed, their other function is to absorb losses made by the club and provide working capital. If that backing (often a condition of banks continuing to lend) disappears, clubs will be in big trouble.
What is the debt of Leicester City Football Club?
Leicester City currently stands tenth place in the debt table with £80m to their name, as they have made a number of high profile investments since Brendan Rodgers’ arrival at the King Power Stadium in 2019.
How much is Chelsea Football Club in debt?
In 2015 it was announced that Chelsea had taken out £1.04bn in interest-free loans, which is the majority of their debt. It was also announced that Abramovich’s club had made a loss of £96m in the 2019/20 season despite having a transfer ban.
