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After the 10 point deduction due to breach of financial fair play, Everton Football Club faces a daunting financial predicament with a complex web of debt, surpassing a staggering £1 billion.
Central to Everton’s financial turmoil is a convoluted network of liabilities, with a substantial portion attributed to an enigmatic investment entity named Image & Media Rights (IMR). It’s believed that IMR, allegedly under the control of British mogul Michael Tabor, holds a significant £200 million of Everton’s debt, yet remains tight-lipped despite scrutiny.
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But the woes don’t end there for Everton. The club grapples with a hefty £490 million in shareholder loans from owner Farhad Moshiri, alongside debts of £140 million to MSP Sports Capital and £20 million to 777 Partners, awaiting regulatory nods for a potential takeover. Adding to the strain is a £200 million shortfall in funding for the Br amley-Moore Dock stadium project, compounding Everton’s financial woes.
Premier League Football Clubs Total Debt and Debt Payments 2023
Source: HMRC, Sponsorlytix
Meanwhile, across the Premier League landscape, a financial tale unfolds, revealing the varied debt burdens and yearly commitments of its clubs.
Tottenham Hotspur has steadily reduced its total debts amounting to £677 million and yearly payments of £28.2 million. Manchester United’s debt has increased to £651 million, while Manchester City faces a £454.1 million debt load.
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Source: HMRC, Sponsorlytix
Amidst this financial landscape, clubs like Chelsea, Newcastle United, Aston Villa, and Fulham stand debt-free, a testament to prudent financial management or significant owner investment.
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These numbers not only show how each club is doing financially but also highlight the bigger economic picture of English football. As clubs try to be ambitious while also being careful with money, the focus is on making money, managing debt, and investing wisely.
