£3.4 billion Premier League debts -some FACTS

[moyes_bringin_it_back]

Uefa report highlights English clubs' debt

Given that Portsmouth (and Chester kicked out of the conference altogether) have announced that theyre going into administration.

Premier League clubs have debts that total more than that owed by sides in all of Europe's other top divisions combined.

A new Uefa report into the state of football's finances shows the total debt of the Premier League clubs is €3.8 billion (£3.4 billion), 56 per cent of the total across Europe.

However, Premier League clubs' assets are €4.3 billion (£3.8billion), 48 per cent of the assets among all European clubs. English clubs should be concerned, though, that that figure is not much more than their total debt.

Spanish clubs have the next-highest debt, with £858 million, while their assets are worth £2.5 billion, three times the value of the debts. In Serie A, clubs' debt total £442 million while their assets are worth £1.3 billion.

The 80-page document's analysis of the Premier League notes that many clubs have used their stadiums and grounds as collateral to borrow money.

The report accepts much of the debt is linked to the leveraged takeovers by the Glazer family at Manchester United and the buyout of Liverpool by Tom Hicks and George Gillett.

"Some of the long-term debt is linked to new stadia such as Arsenal's, and in other cases already-built assets provide security for commercial lenders," says the report, adding that the leveraged buyouts have been "so far acting principally as a burden rather than to support investment or spending".

Uefa did not include the debts of Portsmouth or West Ham United because they had not been granted Ufa licences that year due to their financial problems. The report follows the revelation that Manchester United's £716m debt is greater than the sum owed by all 36 clubs in the top two divisions in Germany.



Some FACTS.

Almost 2/3 of the Premier League debt is owned by 5 teams.

Manchester United, Chelsea, Manchester City, Liverpol and Arsenal.

Combined 2.6 billion debts.

The [Poor language removed] make up 6% of the total debt of the Premier League.

Everton make up 1.2%.


That £3.4billion doesn't take into account West Ham or Portsmouth's debts... (see article).

So who are the other debtors making up the other £0.8billion?

Aston Villa - Randy Lerner and O'Neill are arguing about cost cutting (rumour has it it stands at £90million)
Fulham have a £174 million loan from Al-Fayed
Birmingham...
Hull - known to be indebted due to stadium



Lets get a table of who's the most indebted... any more FACTS appreciated.

 

[toffeejerseygrl99]

In 2009, Real Madrid led all clubs worldwide in revenue with approximately $475 million. This amount is less than one-half of the revenue of TIMET, and less than one-thousandth the revenue of Exxon.

 

[moyes_bringin_it_back]

In 2009, Real Madrid led all clubs worldwide in revenue with approximately $475 million. This amount is less than one-half of the revenue of TIMET, and less than one-thousandth the revenue of Exxon.

was hoping for some equivalent FACTs preferably football related focusing on the Premier League and English football.

For instance, Exxon are highly fuel price related in terms of profit, they also benefit from uncertainty in currency markets.... (The correlation - trade). So its not really fair to compare them to Football clubs.



From what I am reading, Fulham (£200million) and Aston Villa (almost £100million) appear to be doing well, they'd argue compared to Everton ...... but their wages/turnover ratios are both higher than Everton (by 15%) and their debts are quadruple and double Evertons.........

 

[toffeejerseygrl99]

was hoping for some equivalent FACTs preferably football related focusing on the Premier League and English football.

From what I am reading, Fulham (£200million) and Aston Villa (almost £100million) appear to be doing well but their wages/turnover ratios are both higher than Everton (by 15%) and their debts are quadruple and double Evertons.........

Alright then. In 2008, using economic reports from the 20 Premier League clubs that participated during the 2006-2007 Premiership campaign, Deloitte reported that the three most profitable clubs in the Premier League were Watford, Reading, and Arsenal, while the three least profitable were Chelsea, Manchester United, and Newcastle United.

 

[KelseyGrammer-Beast-SuitsBlue]

Accountants can do anything, that's how Pompey have gone on digging their own grave way after they reached and tunnelled under hell. It is also why ministers expenses went unnoticed for so long and the real real figure is still not outed.
It was accountants in Iceland that sunk West Ham, and god only knows what miracles Trevor Brooking can do to stop the FA and the League moving in on them like sharks round a lamb with its throat cut.
And what is the tax office doing letting big business go for months and years without coughing up whats owed only to then realise a bill is due and go after it in one big chunk?
Something about sowing the seeds of its own destruction.

 

[chicoazul]

Accountants can do anything, that's how Pompey have gone on digging their own grave way after they reached and tunnelled under hell. It is also why ministers expenses went unnoticed for so long and the real real figure is still not outed.
It was accountants in Iceland that sunk West Ham, and god only knows what miracles Trevor Brooking can do to stop the FA and the League moving in on them like sharks round a lamb with its throat cut.
And what is the tax office doing letting big business go for months and years without coughing up whats owed only to then realise a bill is due and go after it in one big chunk?
Something about sowing the seeds of its own destruction.

Your post game player rating rant made me physically laugh randomly when I thought of it today.

Great work.

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[davek]

One word:

Sankey!!!!!!

 

[MLS is not quite EPL]

Not trying to derail the thread - but there are merits to a salary cap system, although I know many in the FIFA world do not agree. The insolvency issues of the aforementioned clubs proves the point, though.

 

[davek]

We need Old Skool football back.

The local butcher owning the club supplementing the wages of star players with a few quid jammed in their boots and getting their Ma's sorted out with a washing machine; proper blood and snot hooliganism that chases away all the Hooray Henry and Henriettas and the corporates; pitches like the Somme; two-footed challenges waved on by refs who call players writhing on the ground big girls blouses; ex-players in their own ale houses and not on the box giving their 'expert' advice.

 

[toffeejerseygrl99]

We need Old Skool football back.

The local butcher owning the club supplementing the wages of star players with a few quid jammed in their boots and getting their Ma's sorted out with a washing machine; proper blood and snot hooliganism that chases away all the Hooray Henry and Henriettas and the corporates; pitches like the Somme; two-footed challenges waved on by refs who call players writhing on the ground big girls blouses; ex-players in their own ale houses and not on the box giving their 'expert' advice.

Can't say I fully agree or disagree with this.