Which football club is in the most debt? Check football clubs debt list 2018
Need Breaking Updates?
Subscribe Now and Receive Breaking Stories directly to your email inbox daily
Thank you for subscribing.
Something went wrong.
Do you wish to know Which football club is in the most debt? We bring to You the Top 10 Football Clubs with the Most Debt 2018, yes the Complete football clubs debt list 2018.
Football clubs debt list 2018
Optimism abounded in the red-and-black half of San Siro back in summer 2017, when new owner Li Yonghong sanctioned a spending spree which saw the Rossoneri splurge €230m on new players.
It’s subsequently become clear that Li borrowed €300m from a US hedge fund to complete his takeover, throwing Milan’s future into doubt amid questions over who really owns the club. The fact the club is sitting on €210m worth of debt further complicates matters for the 18-time Serie A winners.
Valencia successfully reduced their debt by 15% in 2016, although the figure of €242m is still twice as much as the La Liga side’s revenue. Manager Marcelino has provided stability on the pitch – Los Che are challenging for Champions League qualification in 2017/18 after years of underachievement – but there is still plenty of work to do to return Valencia to a sound financial footing.
Owner Peter Lim announced his intention to clear the club’s debts when he took control in 2014, yet he’s hitherto struggled to make good on his promise. The half-built Nou Mestalla stadium, on which work began over a decade ago, is indicative of the disarray that has engulfed Valencia in recent times.
Moving home is costly. Before Lyon built a new stadium, their net debt was negligible and they were widely considered to be among Ligue 1’s most sensibly run clubs.
The Ligue 1 side borrowed heavily to finance the construction of the Groupama Stadium, which houses almost 60,000 fans and was opened in January 2016, in time for the European Championship. Lyon ended the 2016 financial year with debts of €254m, a 59% year-on-year increase.
Roma increased their revenue by 41% to €181m in 2016, but their net debt also grew by 23%. Loans with Goldman Sachs and Unicredit account for much of the money owed by the Italian outfit, but the Giallorossi hierarchy publicly insisted the rise in arrears was simply to do with a renegotiation deal which is favourable to the Serie A side.
Roma are keen to build a new stadium in the coming years, so it wouldn’t be at all surprising if the 2017 and 2018 figures showed a further climb in the club’s debt.
Atletico Madrid (€271m)
Atletico Madrid enjoyed one of the most successful seasons in their history when they won La Liga and reached the Champions League final in 2013/14, but they still had extremely high debts due to money owed to the Spanish tax authorities.
Their net arrears are now €271m, with their tax debts set to be settled by 2020. The building of their new stadium, the Wanda Metropolitano, could see the overall figure continue to rise in the short-term, but the 67,703-capacity arena will also help the club generate more money on matchdays.
Liverpool’s net debt grew by 66% between 2015 and 2016, which can partly be explained by the financing of the new 20,000-capacity Main Stand at Anfield.
Despite the high figure, the Reds are clearly moving in the right direction – both on the field under Jurgen Klopp, and off it with the building of the new stand. Their revenue grew to €388m in 2016, meanwhile, and owners Fenway Sports Group also converted some of the club’s debt into equity.
Juventus are widely regarded as one of the best-run clubs in Europe, with their propensity to sign high-profile players on free transfers – Andrea Pirlo, Paul Pogba and Sami Khedira are among those who have joined for nothing in the last few seasons – an example of the Italian champions’ financial acumen.
Even so, the Bianconeri are sitting on almost €300m worth of debt, a 35% increase from the 2015 figures. The building of a new stadium and the related J-Village – a facility which will house a training centre and offices – account for much of that sum.
Although Inter succeeded in preventing their debts from growing between 2015 and 2016, they still ended the latter financial year €303m in the red. Much of that money dates back to a €230m loan taken out by former majority owner Erick Thohir, who took over the Nerazzurri in 2013 before selling his shares to Suning Holdings Group three years later.
Inter issued a €300m bond in December 2017, which will cover the debt and increase the club’s working capital, although manager Luciano Spalletti may still be forced to trim the wage bill in the January transfer window.
Like their Portuguese rivals Porto, Benfica have earned a fine reputation for developing young talent in recent years. The club’s business model relies on signing talented players with potential and selling them on for a profit, with Nemanja Matic, David Luiz and Ederson among those who have passed through the Estadio da Luz doors this decade.
Hanging on to such players until their peak years is usually out of the question, primarily because Benfica are living with debts of €309m – which is two-and-a-half times more than their revenue.
Man United (€561m)
With a remarkable €561m worth of debt, United comfortably top this list: in comparison, second-placed Benfica’s debt of €309m looks like a bar tab. The Glazer family’s takeover in 2005 was so unpopular partly because the funds borrowed by the Americans to purchase the club were then taken on by the Red Devils, which goes a long way to explaining why they are first in this ranking.
Although over €0.5 billion is an extraordinary sum, United’s revenue – which is the highest in Europe – means they are able to cope with their arrears. Indeed, their net debt stands at a manageable 0.8 times the annual amount of money generated; all they need to do is keep generating money.