Analysis: Brexit is on the horizon but top Premier League clubs have strengthened their ability to withstand financial shocks

17 December 2019

brexit debt
Photo: Getty Images Manchester United chief executive Ed Woodward speaks to co-chairman Avram Glazer. Manchester United used to be known as a club with some debt on the balance-sheet, but by 2018, United’s debt had fallen to £254 million, which equated to 43 per cent of total revenues.

Newly-elected Prime Minister Boris Johnson is now working towards a Brexit-deal that could rock the boat regardless of the deal that eventually emerges. In such a climate, debt-levels are always an issue, but the biggest clubs are looking solid.

Off The Pitch has been through the 2008-accounts from the big six clubs - when the global recession struck – and compared the financial strength to current debt-levels and profitability.

Neil Fredrik Jensen

How hard will Brexit influence the economy? Most financial institutions agree that the UK should prepare for a dip – but is it a dip into a freezing cold sea, or are we talking about an invigorating swim that braces the country for the challenges ahead?

Regardless of the implications of Brexit, the top Premier League clubs are arguably in a better condition than they were when the global financial crisis broke in 2008, with revenues at record levels and debt, in relative terms, less of an issue than in the past.

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