Premier League Debt Table

The Messiah wrote:I didn't know Arsenal are debtors

The Messiah wrote:I didn't know Arsenal are debtors

Art Morte wrote:Fulham, Newcastle, Aston Villa have all got wealthy owners who have bankrolled them. Can't be arsed to check right now, but I'm pretty sure some if not all of them have debt to their owners, which they are not required to pay back - or at the least they don't have to pay interest for.

BhritanniaBhlue wrote:

Art Morte wrote:Fulham, Newcastle, Aston Villa have all got wealthy owners who have bankrolled them. Can't be arsed to check right now, but I'm pretty sure some if not all of them have debt to their owners, which they are not required to pay back - or at the least they don't have to pay interest for.

I'm not sure...If debt to owners was included in the calculation, surely Man City and Chelsea would be far higher?

IIRC, the problem with Fulham and Villa is that (while they have wealthy owners) their owners DON'T actually bankroll the club...they run the club as normal (and take any profits for themselves instead of re-investing) - I'm unsure of Fulham but I'm quite certain thats how its been at Villa

The good news is that only £12 million of this debt is owed to banks with the lion’s share (£102 million) owed to Lerner via a series of loan notes. These generally bear interest at LIBOR + 2% and are repayable on dates ranging from December 2016 to January 2021.

Although there is clearly a possibility that Lerner might ask for his money back at some stage, this seems unlikely, at least for the time being. As an example of his generosity, the club stopped paying interest on his loans in 2008, e.g. the interest paid in 2011 was only the £0.7 million on the bank loans, so excluded the £5.6 million charge on the loan notes that was accrued in the profit and loss account.

This would back up Lerner’s assertion that he does not really consider the money that Villa owe him as debt at all, but as a form of capital investment.

As at 30 June 2009, Fulham’s gross debt stood at an enormous £207 million, which is the 5th highest in the Premier League, only behind the so-called Big Four. However, only £12 million of this debt comes from commercial bank loans with the vast majority (£196 million) owed to the owner via a number of group companies. Al Fayed’s generosity is highlighted by the “soft” nature of the debt with the £183 million loans from the parent company being interest-free, which really helps the club’s financials.

Furthermore, much of this debt (£83 million) is unsecured, which means that Al Fayed has no guarantee of repayment. Even though £100 million is secured on the club’s assets, the accounts contain assurances from Al Fayed’s parent company that “no repayment demand will be made which would cause the group to become technically insolvent.”

lenear1030 wrote: Wolves

Great Leader Sprucenuce wrote:This is misleading.....

The only debt we have is the debt to the owner Mike Ashley.... we dont owe a single penny to the banks or anyone else....

BhritanniaBhlue wrote:Newcastle, Fulham, Bolton, and Villa are all way over their heads