According to Swiss Ramble (as relayed by Football.London), Tottenham Hotspur currently possess the highest debt in European football, with the vast majority of it being incurred due to the Tottenham Hotspur Stadium.
Tottenham’s total debt is projected to be £1.17billion, with Barcelona in second place possessing a debt of around £1.03billion.
An increasingly important element in a club’s business model is transfer debt. In most cases, these payables are not overdue, but in line with the payment schedule agreed between the respective clubs for transfer fees. Clubs have payables, receivables and net transfer debt. pic.twitter.com/K1QAZMcgl1
— Swiss Ramble (@SwissRamble) February 8, 2021
Manchester United and Everton are the only other two English clubs in the top ten list, with the Red Devils owing £771m and Everton £583m.
This is where the figures get really concerning. Two clubs have more than a billion of total debt: #THFC £1,177m and #FCBarcelona £1,030m. They are followed by #Atleti £804m, #MUFC £771m, #Inter £757m and #Juventus £752m. pic.twitter.com/Kz5JbhUWqW
— Swiss Ramble (@SwissRamble) February 8, 2021
With respect to gross debt, Spurs are said to owe £970m, which is comfortably higher than any other club, with Barcelona in second place acquiring a debt of £704m, followed by Manchester United with £675m.
Tottenham’s debt on transfers is comparatively low, with the majority of the club’s debt incurred on their new stadium.
Previous reports indicated that Spurs still owe £852 million in loan repayments to cover the cost of the stadium, including the £637 million that Spurs borrowed from Goldman Sachs, Bank of America Merrill Lynch, and HSBC, as well as £215 million in interest (The Sun).
Spurs Web Opinion
While this figure might seem concerning, we have to keep in mind that Tottenham’s potential earnings (particularly matchday) would be one of the highest in Europe when fans are finally allowed back.
The fact that the club have also secured a low-interest £175m loan from the Bank of England means that we should be able to navigate without too many problems until the spectators return.
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