Sunday, 28 February 2010
Friday, 26 February 2010
Manchester United have more than £700m debt by the Glazer family. Liverpool are indebted by more than £200m and are looking for new investors.
Their major profits from TV and sponsorship revenue have been covering them so far, but I would rather not dare to predict for how much longer they can survive that way without incurring further debts and similar financial problems, if maybe not as fatal.
Meanwhile, on the only positive financial note this week, Arsenal have announced a profit boost of £35.2m which has drastically reduced their debts (from £332.8m to £203.6m).