The English Premier League -Amazing Club's Debt

<!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE

In a bid to outdo one another in the game of attracting the big players to their side, coupled with huge wage bills, some of the big teams in the English Premier League are finding themselves in debt. From the financial year 2009-2010, we give you the top 5 clubs with the biggest debt, making use of figures from Deloitte.

1. Chelsea - 733 million - The good news (if you can call it that) about this debt for Chelsea is that most of it is owed to Roman Abramovich. What it means here is that they will not be paying millions in interest unlike the other clubs. Not the best, but some comforting news you may add.

2. Manchester United – 590 million – Manchester United enjoys a lot of goodwill, what with their achievements the last season. The huge debt though has to do with the Glazer family offloading their debt unto the club.

3. Fulham - 190 million – There is nothing to cheer about this huge debt from a club like Fulham. They are nowhere among the top 4 teams in the English Premiership League. The need as much funds as possible to get great players and see how they can move up the table. There is no way this amount in debt can help them.

4. Liverpool - 143 million – The 50 million Liverpool got for Fernando Torres would have helped them in reducing their debt, but they spent it on Andy Carroll and Luis Suarez. This can be good news if with the help of these players they are able to move to the top 4 and enter the lucrative Champions League. The unfortunate thing for the club is that most of the debts are bank loans which translate to big amounts in the form of interests.

5. Arsenal - 135 million – One would think that the Average Arsenal fan will be happy with this figure considering the fact that about a year ago, the club owed twice the amount. However, most fans prefer that more money should be invested in the players. Keeping the good ones instead of just allowing them leave and getting more world class players to help the club go back to winning ways; an idea the manager Wenger does not seem to be considering.

You can always watch your favorite teams in the English Premier League by clicking HERE.