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.