The English Premier League is plagued with a debt of £1.6billion from the top teams of the premier league to the bottom teams of the premier league. This is as a result of ridiculous wages paid to overrated players, and greedy owners that refuse to pay off their debt to the club. In the case of Manchester United their only debt comes from when the owners had to borrow money from the club to buy the club ensuring a financial burden of £300million+. This article gives detailed information on the financial state of each club in the premier league.
This article is very useful as the detailed information on the financial situation of each club is explained and the numbers are accurate. This information is often hard to find as most clubs don’t put their financial situation for show in front of the world. Exceptions include Chelsea, Manchester United, and Arsenal. This article led me explore the highest paid players in the league and the toll their sky-high wages make on their clubs’ financial state.
http://www.theguardian.com/football/2013/apr/18/premier-league-finances-club-by-club?CMP=twt_gu
This article is very useful as the detailed information on the financial situation of each club is explained and the numbers are accurate. This information is often hard to find as most clubs don’t put their financial situation for show in front of the world. Exceptions include Chelsea, Manchester United, and Arsenal. This article led me explore the highest paid players in the league and the toll their sky-high wages make on their clubs’ financial state.
http://www.theguardian.com/football/2013/apr/18/premier-league-finances-club-by-club?CMP=twt_gu
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