VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Report reveals the finances of European football clubs

Thu 25th Feb 2010 | UEFA

A study commissioned by European football governing body UEFA has revealed that the total debt of the English Premier League clubs is more than all the other top clubs in the continent combined.

The European Club Footballing Landscape study revealed that the total debt of the top English clubs is €3.8bn (£3.4bn), 56% of the total across Europe.

It also reveals that Premier League assets of £3.8bn constitute 48% of total club wealth across Europe.

The European Club Footballing Landscape studied the 2007-08 accounts of all 732 clubs licensed by UEFA.

It found that the total debt of 18 Premier League clubs is about four times that of the next most indebted top-flight league, Spain's La Liga, which is €978m in debt. However, La Liga has assets of €2.5bn.

The report says most of the debt is linked to the takeovers of Manchester United, by the Glazer family, and Liverpool, by American businessmen George Gillett and Tom Hicks.

The report does not include the debts of Portsmouth or West Ham, because they were not granted UEFA licences that year owing to financial problems.

Michel Platini, UEFA president, is pushing for a system where clubs spending beyond their means will be prevented from playing in the Champions and Europa Leagues.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

EPFL Gives Notice To UEFA Of MoU Termination

Fri 21st Oct 2016 | UEFA

The European Professional Football Leagues (EPFL) have voted in favour of terminating the Memorandum of Understanding (MoU) with UEFA from March 2017 unless it rethinks changes to its Champions League...

UEFA Reveal Euro 2020 Logo In London

Wed 21st Sep 2016 | UEFA

The UEFA EURO 2020 tournament visual identity and the London host city logo were presented today. Newly-elected UEFA president, Aleksander Čeferin, together with the chairman of the English...

ECA Backs Evolution Of UEFA Club Competitions

Tue 6th Sep 2016 | UEFA

New 2018-21 UEFA Club Competition concept further improves club position both from a finance and governance perspective. Representatives from 153 member clubs attended the European Club Association...

Platini Quits Despite Suspension Lowered To 4 Years

Mon 9th May 2016 | UEFA

Michel Platini has had his suspension from football lowered to 4 years but announced his resignation from UEFA having failed to get it overturned. Platini, who was banned for an initial 6 years by...