Premier League debt is 56 per cent of total across Europe, says Uefa report

Published: 12:42PM GMT twenty-four February 2010

In the red: sum value of the debt is so close to the value of the resources Photo: GETTY IMAGES

The sum are contained in a new Uefa inform in to the state of football"s finances, and shows the sum debt of the Premier League clubs as being €3.8 billion (�3.4b), 56 per cent of the sum opposite Europe.

Premier League clubs" resources are €4.3b (�3.8b), accounting for a 48 per cent share of the resources between all European clubs.

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What is worrying for English clubs however is that the sum value of the debt is so close to the value of the assets.

In Spain, that has the subsequent tip debt of �858m, the resources are value �2.5b, 3 times the value of the debts.

In Italy, the debt is �442m and the resources value �1.3b.

Uefa"s report, the European Club Footballing Landscape, has looked at the 2007-08 accounts from all 732 clubs protected by football"s European ruling body.

The 80-page document"s research of the Premier League reports that most clubs have used their stadiums and drift as material to steal money.

The inform accepts most of the debt is related to the leveraged takeovers by the Glazer family at Manchester United and the Hicks/Gillett buy-out of Liverpool.

"Some of the long-term debt is related to new stadia such as Arsenal"s, and in alternative cases already-built resources yield security for blurb lenders," says the report, adding that the leveraged buy-outs have been "so far behaving predominantly as a weight rather than to await investment or spending".

The inform did not embody the debts of Portsmouth and West Ham since they had not been postulated Uefa licences that year due to their monetary problems.

The inform comes after it was suggested that Manchester United"s �716m debt is larger than the complete accumulative sum due by all 36 clubs in the tip dual groups in Germany.

The German Football League (DFL) clubs" debts sum �544m.

Uefa boss Michel Platini is pulling for a complement where clubs in the Champions League and Europa League will usually be authorised to outlay what they earn.

Platini pronounced recently: "The Financial Fair Play judgment is really critical for the contentment of clubs.

"We hold that for clubs to tarry they can"t outlay some-more than they consequence and the senior manager cabinet has concluded to deliver regulations to reach this aim."