bankruptcy_2The Guardian has released a UEFA report on the financial status of European football. And, guess who’s at the heart of all the trouble? If you said the Barclay’s Premier League, you’d be correct. According to the report, 18 of England’s top-flight clubs owe an estimated 56% of all of Europe’s football debt. That equates to more than $5 billion. The reason the report only uses 18 Premier League clubs, is that Portsmouth and West Ham were not granted UEFA licenses during the year of the report because of their financial troubles.

It is reported that Manchester United have a reported debt load of over $1 billion, meaning that United have incurred over 10% of Europe’s total football debt. Liverpool also have a debt of $366 million. I’m telling you, the world’s best league is about to fall apart. Portsmouth are near collapse, United have 10% of Europe’s footballing debt, and Liverpool may be in serious trouble is they fail to finish in the fourth spot in England at season’s end. UEFA President, Michel Platini, already appears to have it out for England’s top-flight, making the new report another missile in his arsenal to go after the Premier League.

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