Rankings of Premier League clubs with the most debt as of 2022

Rankings of Premier League clubs with the most debt as of 2022

Why do football clubs borrow money? In this article, we will look at which football club has the highest debt? So, dig in and let us discover why the clubs are in debt and the top 10 Premier League clubs with the most debt.

Rankings of Premier League clubs
Photo: canva.com (modified by author)
Source: UGC

Football is one of the most lucrative sports globally. Are Premier League teams in debt? Let's explore the financial world of Premier League clubs with the most debt in 2022.

Which Premier League club has the most debt?

The financial value of the 20 soccer teams in the Premier League is worth over $25 billion. However, the suspension of matches due to the Covid - 19 pandemic left several football clubs in financial trouble in 2020. The cumulative Premier League clubs' debt by the end of 2020 was estimated at $5.25 billion.

So, which football clubs are in financial trouble in 2021/2022? Here, we have listed the top 10 Premier League teams with the most debt as reported by Deloitte UK.

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10. West Ham United F.C - $117 million

Premier League clubs with the most debt 2022, Premier League, West Ham United.
West Ham United players react after a penalty shoot out during a match against Manchester City in London, England, 2021. Photo by Justin Setterfield.
Source: Getty Images

In at number ten, we find West Ham United. The club was one of the two largest revenue losers last season, linked to the Covid 19 pandemic. The club declared a net debt of $117 million in 2021.

9. Watford F.C - $139 million

The Hornets are also among the top English football clubs in financial trouble in 2021. Despite a loss in revenue and relegation, the club maintained the players and staff wages during the Covid Pandemic. In a statement, the club officials confirmed the efforts put in place to ensure there were no fire sales of players because of the financial situation.

Premier League clubs with the most debt 2022, Premier League, Watford FC.
Watford FC players take a knee before kick off against Queens Park Rangers in 2021. The game was played behind closed doors due to the Covid-19 pandemic. Photo by Richard Heathcote/Getty Images
Source: Getty Images

8. Wolverhampton Wanderers F.C - $140 million

According to the Deloitte Annual Review of Football Finance, the club reached a net debt of $140 million after the 20/21 season. The club's official financial statements further revealed the losses in revenue. However, unlike most clubs, the Wolves continued to invest in players by signing Raul Jimenez, Leander Dendoncker, Pedro Neto and Patrick Cutrone.

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Premier League clubs with the most debt 2022, Premier League, Wolverton Wanderers
The Wolves' latest signings; Patrick Cutrone (L), Pedro Neto (C), Raul Jimenez (C), and Leander Dendoncker (L). Photo by Wolverhampton Wanderers FC/Wolves.
Source: Getty Images

7. AFC Bournemouth - $145 million

In addition to operating in the red, the club suffered a 27% revenue loss during the Covid 19 pandemic. The club was also relegated to the English Football League after finishing in 18th place during the 2020/2021 season.

Premier League clubs with the most debt 2022, Premier League, AFC Bournemouth.
Bournemouth team line-up before a Premier League match against Sheffield United in 2019. Photo by Robin Jones - AFC Bournemouth/AFC Bournemouth.
Source: Getty Images

6. Leicester City F.C - $201 million

According to a financial statement by the Foxes for the 2019/2020 season, the Covid-19 pandemic caused a significant revenue loss for the team. In 2020, the club acquired additional land for the expansion of the Foxes home grounds, King Power Stadium. Despite help from the club's owners, the Srivaddhanaprabha family, the club debt increased to $201 million in the 2021 season.

Premier League clubs with the most debt 2022, Premier League, Leicester FC.
An aerial and general view of Leicester's new stadium, King Power Stadium. Photo by Michael Regan & Plumb Images/Leicester City FC.
Source: Getty Images

5. Liverpool F.C - $208 million

How much are LFC in debt? Liverpool is the fifth Premier League club with the most debt in 2022, with a net debt of $208 million. Despite losing $48 million from ticket, commercial and broadcast revenue during the pandemic, the club made a grand show of loyalty to the local community. First, the Anfield stadium was used as a Covid-19 testing centre and later as a vaccination centre.

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Premier League clubs with the most debt 2022, Premier League, Liverpool.
Liverpool FC players celebrates a goal during the Premier League match against Leicester City at the Anfield Stadium in 2022. Photo by Clive Brunskill.
Source: Getty Images

4. Brighton & Hove Albion F.C - $340

In 2018, the club had the second-largest debt among all English football clubs of about $203 million. The Price of Football website revealed that Tony Bloom, the club's owner and benefactor has been financing developments and player signings. While other clubs were forced to lay off staff and reduce wages, the club maintained and increased players' salaries during the pandemic.

Premier League clubs with the most debt 2022, Premier League, Brighton & Hove Albion, Tony Bloom.
Brighton owner and chairman Tony Bloom leads players and fans in celebration after a Sky Bet Championship match against Wigan Athletic, 2017 in Brighton, England. Photo by Mike Hewitt.
Source: Getty Images

3. Manchester United F.C - $ 561 million

Since last year, the club's debt has reduced to its current value of $561 million by $79 million. Manchester United ranks highly among the top 50 football revenue earners globally and the world's wealthiest football teams. The club recorded a 92.1% loss in broadcast revenue due to the Covid - 19 pandemic.

Premier League clubs with the most debt 2022, Premier League, Manchester United.
Manchester United lineup prior to the match against Partizan at Partizan Stadium in Belgrade, Serbia, 2019. Photo by MB Media.
Source: Getty Images

2. Tottenham Hotspurs - $838 million

Tottenham's debt has been growing since 2019 when its net debt was $596 million. So, is Tottenham in financial trouble?

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Currently, the club's debts stand at $838 million with an estimated rise of $108 million by the end of the 2021 financial year. The club's rising debts are linked to the construction of the state of the art Tottenham Stadium, wages and operation costs.

Premier League clubs with the most debt 2022, Tottenham Hotspurs, stadium.
The New Tottenham Hotspurs stadium Photo by Dinendra Haria/SOPA Images/LightRocket & Tottenham Hotspur FC.
Source: Getty Images

1. Chelsea F.C - $1.8 billion

Which club has the highest debt? Listed as one of the world's most valuable football clubs, Chelsea also has the title of the Premier League clubs with the most debt in 2022. In a statement, the club's chairman, Bruce Buck, acknowledged the financial performance urging that,

'The strength, stability and long-term approach of our financial operation mean our revenue streams remain strong. However, COVID-19 will continue to have an impact going into the next financial year as our commercial operations resume normal activities.’

According to Forbes, the Premier League team with the biggest debt owes almost all of its debt to its owner, Roman Abramovich. However, the recent Russian invasion of Ukraine casts some serious doubt on Chelsea's future as its owner faces a possible ban from the club or sanctions.

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Rankings of Premier League clubs with the most debt 2022, Premier League clubs, Chelsea FC.
The Blues' players line-up before a match against Atletico Madrid, 2014. Photo: Glyn Kirk/AFP.
Source: Getty Images

Why are football clubs in debt?

Are there football clubs with no debt? Given the level of expenditure of football teams, it may be difficult for a club to operate successfully without financial help. According to the Price of Football, club expenditures include operation costs, taxes, staff and players' wages, player transfers, stadia and training facilities construction and renovation.

Premier League clubs debt table 2022

Rankings of Premier League clubs with the most debt 2022.
Rankings of the top 10 Premier League clubs with the most debt 2022. Photo modified by the author.
Source: Original

The top 10 Premier League clubs with the most debt are also ranked highly globally in terms of net worth and football performance. Despite incurring significant losses because of the pandemic, the clubs' sense of community was evident by providing food distribution centres, mass vaccination and testing centres for locals during the pandemic.

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