21 June 2022 - 3:12 PM
Analysis: Debt in the English Premier League ranges from vast to small and expensive to cheap – and reflects the gap between top and bottom
- Tottenham owe close to €1 billion as a result of building a new home, but should have little trouble servicing their debts.
- Many clubs benefit from low-interest shareholder loans, but others have turned to high-cost external lending since the pandemic.
- Why it matters: Debt profiles vary across the division, with lenders clearly separating the Big Six from the other 14 Premier League clubs.
- The perspective: Interest paid totalled 2.7 per cent of collective revenues, and over half of finance costs were incurred by just three clubs.
Last season’s English Premier League clubs posted collective debts of €4.2 billion in 2021 – and that’s without including the €1.7 billion Chelsea previously, in effect, owed to now former owner Roman Abramovich.
Those figures would doubtless cause some eyes to water, but the full tale of borrowing in the top tier is rather more nuanced.
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