Monday, June 8, 2009

THE E.P.L 4 CLUBS AND THEIR DEBT.

The four big English football clubs, Manchester United, Chelsea , Liverpool and Arsenal. Have all made big losses due to various reasons ,it is mainly big spending on big footballers and which have not paid them well back. One example is Owen Hargraves of Manchester United , who was brought from Bayern Munich for over 17 million pounds, and due to a serious knee injury has sat out for over a year, but his salary will have to be met.
1) Manchester United owners The Glazers have taken afrom banks in millions, that is 649 million pounds and the hedge funds 50 million pounds.
2) Chelsea owe Roman Amorovich 701 million pounds.
3) Liverpool owe 421.6. million pounds , and they also owe the banks on loans taken by the two American owners Mr Tom Hicks and George Gillette jr a sum of 36.5 million pounds.
4) Arsenal owe 416 million pounds, but please note this amount is mostly for the money taken on loan to build their new Emirate Stadium.And not on mad buying on footballers.

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