Worth a read

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https://www.express.co.uk/sport/football/823757/UEFA-highest-debt-Europe-Premier-League-money-sportgalleries

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[nine nine nine]

Interesting .

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[Anonymous]

QPR are in a very precarious position , was that spent on players ?

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[Chucky McChuckface]

Bricky… bloody well wasn’t spent on the Stadium… 🙂

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[whoisbeni]

Interesting
But doesn’t include the likes of Real Madrid at true debt levels – must be due to them effectively being owned by government backed banks.
Plus, the sugar daddy clubs aren’t included or the clubs that have borrowed heavily to build new stadia.

QPR and Sunderland look stuffed

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[Adlab]

You are dead right Beni. Madrid sold their training ground some years back for many times its value.
Extract from an article 2016

Real Madrid and Barcelona, the world’s two richest clubs, have been ordered to pay back millions of euros after a European Commission investigation found them guilty of receiving illegal state aid.

Real must pay back €18.4m (£15.4m) relating to a land deal with local authorities, who were found to have overpaid, as well up to €5m (£4.2m) in extra tax, having been one of four Spanish clubs to have benefited from a preferential lower rate that the EC was not justified.

Barcelona must also pay back up to €5m (£4.2m) in tax as a result of being on the lower rate; so must Athletic Bilbao and Osasuna.

Read more: British MEP demands probe into Gareth Bale’s £86m Real Madrid move

Valencia were hit with the biggest bill of €20.4m (£17.1m) after they and neighbouring clubs Hercules and Elche, who must pay €6.1m (£5.1m) and €3.7m (£3.1m) respectively, received financial guarantees from the state-owned Valencia Institute of Finance, giving them an unfair advantage on other sides also seeking credit.

And they have forgotten to mention the impact of the Spanish royal family.

They then have the cheek to crticise City and Chelsea for being lucky enough to have rich owners who dont take money out, unlike the Glazers.

Article extract – The Versed about the sale of the training ground

From a value of €421,000 in 1998, the Government somehow deemed the value in 2011 to be €22.7m, a 5,400% rise.
After completing the sale of their training ground, Real Madrid completely wiped out all of their massive $245.4m (£170m) debt.

Yet the media go on about how wealthy RM and Utd are. Its an illusion called DEBT.

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