- Apr 20, 2005
- 3,085
- 434
Not wishing to rock the boat, but doesn't having a large debt usually reduce the amount you have to spend?
Depends. I have a mortgage, so I have a debt. But I also have a house as collateral, and job that pays me enough wage to service the debt so the debt is not a problem and I needn't restrict how much I spend unless I lose my job (which might happen if I spend enough time in front of the internet all day reading this thread...). Similarly if the club is making profit and the debt is serviced then we are good.
Where did the 70m figure come from though? Here?: http://www.guardian.co.uk/news/datablog/2013/apr/18/premier-league-club-accounts-debt
Might not be so high this year.