Which English Premier league clubs have the highest debts?

• Considering football clubs’ level of expenditure, it may be challenging for a club to function effectively without financial assistance
• These expenditures may include operation costs, wages for staff and players, taxes, staff and player transfers among others
• Chelsea is the Premier League club with the most debt in 2022., with $1.8 billion, the majority of which is owed to Roman Abramovich

The Premier League may be one of the most expensive soccer leagues in the world, but Premier League clubs’ total combined net debt has surpassed $3 billion for the first time in ten years. The COVID-19 pandemic worsened the situation.

This article looks at the Premier League clubs with the highest debts.

10. Watford -$139 million

Watford FC. Photo: Inside sports

The Hornets are also one of the top English football clubs facing financial difficulties in 2021.

Despite revenue losses and relegation, the club paid its players and staff during the Covid Pandemic.

In a statement, the club officials confirmed the initiatives put in place to ensure there were no massive sales of players due to the general financial situation.

9. Wolves- $140 million

According to the Deloitte Annual Review of Football Finance, the club had a net debt of $140 million at the end of the 20/21 season.

The club’s official financial statements further indicated the losses in revenue. Unlike many other clubs, however, Wolves continuously invested in players, signing Raul Jimenez, Pedro Neto, Leander Dendoncker, and Patrick Cutrone.

8. Bournemouth- $145 million

In addition to losing money, the club lost 27 per cent of its revenue during the Covid 19 pandemic. After finishing 18th in the 2020/2021 season, the club was relegated to the English Football League.

7. Leicester- $201 million

Leicester City FC. Photo: LCFC

According to the Foxes’ financial statement for the 2019/2020 season, the pandemic resulted in a substantial revenue loss for the team.

In 2020, the club purchased more land to expand the Foxes’ home stadium, King Power Stadium. Despite the Srivaddhanaprabha family’s assistance, the club’s debt grew to $201 million in the 2021 season.

6. Liverpool- $208 million

How much money do the Reds owe? With net debt of $208 million in 2022, Liverpool is the fourth most indebted Premier League club.

Despite losing $48 million in tickets, commercial, and broadcast revenue during the COVID 19 pandemic, the club made a grand display of community support.

The Anfield stadium was initially used as a Covid-19 testing facility and then as a vaccination facility.

5. Everton- $369 million

To put it mildly, Everton is in crisis. They have lost more than $135 million in the last three seasons.

Their losses over the previous two fiscal years totalled £260.8 million, the highest ever recorded in the Premier League over two seasons.

A $20.8million increase in the wage bill to $223 million means it now accounts for an eye-watering 94.2 per cent turnover.

4. Brighton & Hove Albion- $410 million

Brighton & Hove Albion FC. Photo: Getty Images

Brighton is highly unexpected to be on the list, even though a significant amount of debt is owed to their owner Tony Bloom, a lifelong club supporter.

Bloom spent $136 million on squads in an attempt to get Brighton promoted to the Premier League.

He also oversaw the Seagulls’ relocation from the Withdean Stadium to the Amex Stadium, which cost Brighton more than £100 million.

3. Manchester United- $606 million

According to the club’s latest financial statements, Manchester United’s net debt has increased 11.8 per cent yearly.

The accounts for the three months ending March 31 this year show that net debt has increased, but Despite the debt increase, dividends will be paid to shareholders on June 24, including the Glazers.

2. Tottenham- $862 million

Spurs are no longer just one of the best clubs in England; they have risen to the top ten in Europe. Furthermore, they have surpassed Arsenal, their North London rivals, built a fantastic new stadium, and advanced to the Champions League final.

The Spurs have had an eventful decade, but they have yet to win a championship since 2008. Tottenham’s gross debt now stands at about $863 million, the second-highest in the Premier League.

1. Chelsea- $1.8 billion

Chelsea is the Premier League club with the most debt in 2022., with $1.8 billion, the majority of which ($1.5 billion) is owed to Roman Abramovich, who is about to sell his club.

However, the recent Russian invasion of Ukraine imposes serious doubt on Chelsea’s future, with the club’s owner facing a possible sanctions.