8.

82%
All details from most recently filed official information at Companies House. Debts are borrowings from banks, financial institutions, owners or other sources

Arsenal
Turnover
up from £225m in previous year Gate and match-day income TV and broadcasting Retail Commercial Property development Player trading up from £101m in previous year Wages as proportion of turnover Profit before tax Interest payable Highest paid director Ken Friar Accounts for the year to 31 May 2009 Ownership Arsenal Holdings PLC major shareholders are: Danny Fiszman (Swiss resident) Lady Nina Bracewell-Smith Kroenke Sports Red and White Securities Limited Money put in by owners

Aston Villa
£316m ▲
40% £100m £73m £14m £34m £88m £4m

Birmingham
£84m ▲
10.5% £23m £49m £12m

Blackburn Rovers
£28m ▼
44.4% £5.3m £15.8m £31m

Bolton Wanderers
£51m ▼
10% £7m £35m £9m Same as previous year Gate and match-day income TV and broadcasting Hotel Corporate hospitality Merchandising Sponsorship/advertising

Turnover

up from £76m in previous year Gate and match-day income TV and broadcasting Commercial

Turnover

down from £50m in previous year Gate and match-day income TV and broadcasting Commercial

Turnover

down from £56m in previous year Gate and match-day income TV and broadcasting Commercial

Turnover

£59m
0% £8m £37m £7m £2m £1m £3m 5% 69%

=

8.82%

3.80%0.43%

Wage bill

£104m ▲
3% 32.9%

Wage bill

up from £50m in previous year Wages as proportion of turnover Loss before tax

£71m ▲
42% 85%

Wage bill

up from £26m in previous year Wages as proportion of turnover Loss before tax

£27m ▲
4% 96%

Wage bill

up from £40m in previous year Wages as proportion of turnover Profit before tax

£46m ▲
15% 90%

Wage bill

up from £39m in previous year Wages as proportion of turnover Loss before tax

£41m ▲

£46m

£46m

£20m

£3.6m

£13m

Debts

£265m
£25m £1.405m

Interest payable Highest paid director Unnamed director Accounts for the year to 31 May 2009 Ownership Reform Acquisitions LLC owned ultimately by Randy Lerner Money put in by owner in interest bearing loans

Debts

£114m
£6m £0.23m

Debts

Interest payable Highest paid director Karren Brady

£2.85m
£1m £0.466m

16.11% 15.9% 29.98% 26.44% Nil

Accounts for the year to 31 August 2009 Ownership Grandtop International Holdings incorporated in the Cayman Islands £105m Money put in by owners Nil

8.82%

Interest payable Highest paid director John Williams

Debts

£20m

£0.86m £0.323m

Accounts for the year to 30 June 2009 Ownership Trustees of the Jack Walker 1987 Settlement Trust registered in Jersey (a tax haven) Money put in by owners Interest free loans £5m

3.80%0.43%

Interest payable Highest paid director Phil Gartside

Debts

£67m

£4.3m £0.584m

0.09% 24.18% 13.12%

Accounts for the year to 30 June 2009 Ownership Edwin Davies, resident in the Isle of Man, a tax haven, owns 95% of club via his private trust, Fildraw Money put in by owners Loaned by Davies at 10% interest a year £23m

Turnover

Turnover

Turnover

Turnover

Turnover

Wage bill

Wage bill

8.82%

Wage bill

3.80%0.43%

Wage bill

0.09% 24.18% 13.12%

Wage bill

0.67%1.37% 1.23%1.53%

Premier League debt

Premier League debt

Premier League debt

Premier League debt

Premier League debt

8.82%
State they're in Arsenal can justifiably claim the rudest financial health in the Premier League. Arsenal’s borrowings were to make a genuine investment – build the Emirates Stadium, and apartments in the old Highbury, which are now providing huge returns. The £316m turnover was 3.80% the highest by an English football club, ever. There are three principal challenges: for Arsène Wenger to deliver success on the field; the Emirates must remain full, and the ownership war between Stan Kroenke and Alisher Usmanov must be satisfactorily resolved. .

3.80%0.43%
State they’re in Still a relatively happy home under the ownership of the “good” American, Randy Lerner but he appears to have decided he will not put bottomless money in. Martin O’Neill may want more to spend, but for Lerner it has been sobering that even with an excellent 0.09% 24.18% manager, £105m invested gets a great old club only to sixth. There is a hard edge to Lerner’s method too; the money is loaned in from his holding company in the US, and interest is charged. His US company also charged huge 8.82% management fees, £7.7m, in 2008-09, although they were not actually paid.

0.09% 24.18% 13.12%

0.67%1.37% 1.23%1.53%

2.23%6.89% 23.88% 2.68%
State they’re in Still in the Premier League and bailed out financially through the backing of Davies, who made his fortune in kettle technology, lives in the Isle of Man, and puts his money in at a price. Chairman Phil Gartside talked of the “fear factor” surrounding relegation, 0.5% 4.09%1.60% due to the financial gap between the Premier League and Championship. His proposals for a two-tier Premier League, which would help soften the blow, were rejected. Even with Davies lending money in, survival in the world’s 13.12% richest league remains Wanderers’ most realistic aspiration.

State they’re in State they’re in David Sullivan and the Gold brothers Punching above their weight simply left Birmingham City in a lean state by surviving in the Premier League, financially before they collectively although Rovers were only ever there pocketed £40m for selling the club due to £100m spent and written off to Grandtop in October. The club was by the former owner Jack Walker and, almost debt-free, while Sullivan and since his death, the trustees of his the Golds had been prepared to sustain estate. Chairman John Williams has 2.23%6.89% 0.67%1.37% 1.23% to 23.88% 2.68% the £20m loss in the Championship talked the trustees into providing £3m back Alex McLeish and keep the players funding, which he believes can give the who would win promotion. Whether club the edge they need. Rovers will Grandtop’s chairman Carson Yeung always struggle without huge backing to fulfils his promise of providing £80m compete against bigger clubs, but they to spend on players remains an open are shrewdly-run and have made it as a 0.43% League member to the £3.1bn question. Premier TV deals now due to roll in from 2010-13.

0.09% Liverpool
Turnover
up from £164m in previous year Gate and match-day income TV and broadcasting Commercial

0.67%1.37% Manchester City
£185m ▲
12.8% £42m £75m £68m

2.23%6.89% 23.88% Manchester United
£87m ▲
6.1% £15m £23m

0.5% 4.09%1.60% Portsmouth Stoke City
Turnover
down from £70m in previous year Gate and match-day income TV and broadcasting Sponsorship Retail

0.58%2.30%
£54m ▲
391%

Turnover

8.82%
£103m ▲
14% 56%

up from £82m in previous year Gate and match-day income Commercial

Turnover

3.80%0.43%
£83m ▲
54% 95%

up from £257m in previous year Gate and match-day income TV and broadcasting Commercial

£279m ▲
9% £109m £100m £70m

£60m ▼
14% £11m £42m £4m £2m

Turnover

up from £11m in previous year (Championship)

24.18% 13.12%
Wage bill

1.23%1.53%
Wage bill
up from £12m in previous year Wages as proportion of turnover Profit before tax Interest payable Highest paid director Denise Coates paid to Coates by Bet365 Group

Wage bill

up from £90m in previous year Wages as proportion of turnover Loss before tax

0.67%

Wage bill

up from £54m in previous year Wages as proportion of turnover Loss before tax

2.23%6.89%

Wage bill

up from £121m in previous year Wages as proportion of turnover Profit before tax

1.7% 0.5% 4.09% 44% £22m

£123m ▲

up from £55m in previous year Wages as proportion of turnover Loss before tax

18% 0.58%2.30% 108% £13m

£65m ▲

£30m ▲

150% 0.01% 56% £0.5m

£55m

£93m

82%

Interest payable Highest paid director Rick Parry Figure includes a £3m pay-off

Debts

£394m
£40m £4.238m

3.80%0.43% for the year to 31 May 2009 Accounts 0.5%

Interest payable Highest paid director Garry Cook

Debts

£37m

£2.7m £1.515m

0.09% Accounts for the year to 30 June 2009 24.18% 13.12%

Interest payable Highest paid director David Gill

Debts

£717m
£69m £1.838m

1.37% 1.23%1.53%

Interest payable Highest paid director Peter Storrie salary in 2008

Debts

£123m
n/a £1.2m

Debts

£17.4m
£1.3m

£0.15m

23.88% 2.68%

Accounts for the year to 31 July 2009 Ownership Kop Investment LLC owns club via Cayman Islands tax haven Company registered in Delaware, a low tax US state. Tom Hicks and George Gillett are equal owners

2.23%

Ownership Sheikh Mansour bin Zayed Al Nahyan owns 100% of club Via the Abu Dhabi United Group, registered in the United Arab Emirates Money put in by owners £395m

Ownership Owned by Malcolm Glazer and his family via Red Football Limited Partnership and Red Football General Partner Inc, both registered in the low tax state of Nevada Money put in by owners

0.58% Nil

Accounts for the year to 31 May 2009 Ownership Owned by Balram Chanrai via Portpin Limited, registered in the British Virgin Islands, a tax haven Money put in by owners in loans from owners

0.01% £53m

Accounts for the year to 31 May 2009 Ownership Owned by Bet365 Group controlled by Denise Coates, daughter of chairman, Peter and family Money put in by owners £24m in interest free loans, which they are preparing to convert into shares

Money put in by owners Interest-bearing loans

Nil

Turnover

Turnover

Turnover

Turnover

Turnover

80%0.43%bill Wage
Premier League debt

0.09% Wage13.12% 24.18% bill
Premier League debt

0.67%1.37% bill 1.23%1.53% Wage
Premier League debt

6.89%bill 23.88% 2.68% Wage
Premier League debt

Wage bill

4.09%1.60%

Premier League debt

09% 24.18% 13.12%

0.67%1.37% 1.23%1.53%

2.23%6.89% 23.88% 2.68%
State they’re in Scandalous. The grim details of the Glazer family’s 2005 takeover finally dawned on the wider world after the prospectus in January for the family to borrow £500m for the third time in four years. The Glazers have never put a cent into have charged £12.9m 0.5%United, but fees since 2006 and 4.09%1.60% in management personally borrowed £10m from the club in December 2008. Interest, fees and other charges on the debts the Glazers took on to buy the club, which they then made United responsible for paying, amounted to £460m in four years. The club made a profit in 2009 only because they sold Cristiano Ronaldo.

0.5% 4.09%1.60%
State they’re in The Premier League’s cautionary tale. The recipe is simple: owner (Sacha Gaydamak) subsidises overspending, club signs unaffordable squad and wins the FA Cup, owner runs out of money, club cannot pay the wages, the PAYE tax on them or their other commitments. 0.58%2.30% Portsmouth’s administrator’s report revealed total debts of £122.8m and the higher profile of a Premier League club fallen insolvent exposed more widely the leagues’ “football creditors” rule. That means 85 ordinary staff could be laid off and ordinary creditors including St John Ambulance left unpaid, while players must be paid in full.

0.58%2.30%
State they’re in A club rebuilt in the Premier League, owned by lifelong supporter Peter Coates and his family, subsidised by the vast online gambling revenues of the family’s bet365 group (£3.5bn bets taken in 2008-09, profits of £72m). Since Coates bought Stoke for the second 0.01% time in 2006, the family has invested £39m. They are preparing to convert this investment from loans to shares so the club will have no debt. Coates describes this as “a superb position given the perilous current state of many Premier League and Championship club finances.” He acknowledges that the club must become self-financing.

State they’re in State they’re in Appalling. Tom Hicks and George Sheikh Mansour has invested £395m Gillett promised they were not “doing into City in two years, paying off the a Glazers” when they bought Liverpool club’s debts, spending massively on in 2007 but they have, saddling the players and pumping up the wage bill club with the £185m debts they took – all for a fifth place finish. Mansour’s on to finance their own takeover. Royal intention to spend what it takes of his Bank Dhabi oil 2.23% AbuEuropean fortune to buy City into .67%1.37% of Scotland and Wachovia arefor 6.89% 23.88% remains unshaken, 1.23% 2.68% giving only short-term extensions the elite repayment of £250m bank loans and the and they are likely to outspend all £40m interest charged is a major drain. other clubs again this summer. The Hicks and Gillett did loan in £144m only cloud on the blue horizon is Uefa’s from their Cayman Islands holding introduction of “financial fair play” company at 10% annual interest payable rules. They require clubs to break even by the club. Failure to qualify for the after 2013, and to no longer be reliant, Champions League and slipping to as City have so dramatically become, on seventh will cost Liverpool over £30m. the chequebooks of owners.

23%6.89% 23.88%

0.5% 4.09%1.60%

0.58%2.30%

0.01%

8.82%

0.43%

Burnley
Turnover
up from £9m in previous year Gate receipts including TV Catering Commercial Shop sales

Chelsea
£11m ▲
22.2% £7m £1m £2m £1m

Everton
£209m ▼
2.2% £185m £9m £10m £5m

Fulham
£80m ▲
5.3% £22m £49m £9m

Hull City
£67m ▲
24.8% £11m £43m £9m £4m

Turnover

down from £213.6m in the previous year Football activities Hotel and catering Merchandising Other

Turnover

8.82%

up from £76m in previous year Gate and match-day income TV and broadcasting Commercial

Turnover

3.80%0.43%
Wage bill

up from £53.7m in previous year Gate and match-day income TV and broadcasting Commercial Other income

Turnover

up from £11m in previous year (Championship)

£51m ▲
363.6%

24.18% 13.12%
Wage bill
up from £14m in previous year Wages as proportion of turnover Profit before tax Interest payable Highest paid director Understood to be Russell Bartlett

Wage bill

up from £10m in previous year Wages as proportion of turnover

£13m ▲
30% 118%

Wage bill

down from £172m in the previous year Wages as proportion of turnover Loss before tax

£167m ▼
3% 80%

Wage bill

up from £44m in previous year Wages as proportion of turnover Loss before tax

£49m ▲
9% 61%

up from £39m in previous year Wages as proportion of turnover Loss before tax

£46m ▲
18% 69%

£34m ▲
142% 67%

Loss before tax Interest payable Highest paid director No directors were paid during the year Accounts for the year to 30 June 2009 Ownership Major shareholders are: Barry Kilby Brendan Flood Money put in by owners Interest-bearing loans

£12m

£47m

£7m

£8.4m

£2m

Debts

£13m
£3m

8.82% for the year to 30 June 2009 Accounts
Ownership Roman Abramovich owns 100% of club 30% 24.5% £7m Money put in by owners Interest free loans

Interest payable Highest paid director Peter Kenyon

Debts

£726m
Nil £2m

3.80%0.43% 31 May 2009 Accounts for the year to

Interest payable Highest paid director Robert Elstone

Debts

£41m
£4m £0.244m

0.09% for the year 13.12% 24.18% 30 June 2009 Accounts to

Interest payable Highest paid director Alastair Mackintosh

Debts

£207m
£2m £0.137m

Debts

£15m

£1.6m £1.035m

1.37% 1.23%1.53% Accounts for the year to 31 July 2009

£726m

Ownership Everton Football Club Company Ltd major shareholders are: Bill Kenwright 25% Jon Woods 19% Robert Earl (resident of Florida) 23% Money put in by owners Nil

Ownership Mafco Holdings Limited Company based in Bermuda, a tax haven, and owned by Mohamed Al Fayed and his family Money put in by owners Interest free loan £183m

Ownership Russell Bartlett owns club via Isis Nominees, a company registered in Jersey, a tax haven Money put in by owners Nil

Turnover

Turnover

Turnover

Turnover

Turnover

8.82%bill Wage
Premier League debt

3.80%0.43% Wage bill
Premier League debt

0.09%bill 24.18% 13.12% Wage
Premier League debt

0.67%1.37% 1.23%1.53% Wage bill
Premier League debt

Wage bill

6.89% 23.88% 2.68%

Premier League debt

3.80%0.43%

0.09% 24.18% 13.12%

0.67%1.37% 1.23%1.53%

2.23%6.89% 23.88% 2.68%

0.5% 4.09%1.60%
State they’re in Heading for the Championship with an insolvency practitioner already appointed. The less well-understood aspect of this story is the role played by Russell Bartlett, who bought the club in 2007. He has not invested money 0.58%2.30% in the club overall, having taken £4m out to fund his own purchase. The club borrowed to sign players, and after dire warnings from the auditors about City’s ability even to continue in business, Bartlett loaned £4m back in. With the 1.53% £1m salary he was apparently paid in 2008-09, he has taken more money out of the Tigers than he has loaned in.

State they’re in State they’re in Promotion to the Premier League in Double winners Chelsea wrested the State they’re in State they’re in 2009 saved Burnley from a financial title back from debt-laden Manchester This was the year want-away Everton Delirious, but wholly reliant on “horror story”, as the chairman, Barry United but only thanks to a thundering had planning permission refused for Mohamed Al Fayed. Fulham’s rampage Kilby admitted; £12m losses in the loss subsidised by Roman Abramovich’s their new stadium proposal, which to the Europa League final under Roy Championship were not sustainable indulgence. Chelsea announced this Tesco were going to subsidise in Kirkby. Hodgson was one of the season’s great and Brendan Flood’s property company, year that their Russian owner had Rocked back to the drawing board at stories, met with sweet timing by Modus, which had funded the club, written off his huge loan and converted dear old Goodison Park, Everton should 2.23%6.89%to count 2.68% 0.5% windfall from selling 0.67%1.37% 1.23% did not 0.09%into administration. Burnley 23.88% blessings: Fayed’s £1.5bn4.09%1.60% 24.18% went it to shares, but in fact this probably learn their Harrods. Fayed has complained about arrived in the Premier League, spent happen in his ultimate Chelsea holding good crowds at a ground the fans love, a rising player wages and without the very little, banked the TV windfalls, company; it still owes him £726m. The team performing spiritedly again under Harrods cash cow, he will want to stop repaid Kilby and the other directors squad may have triumphed this year but David Moyes, all with a solid enough putting money into Fulham at some their loans, and went down again. it needs renewing and, with the famous turnover and no risk of meltdown. point – the love affair with Craven That is the safe way to do it, and with target of breaking even by 2010 almost Chairman Kenwright struggles to raise Cottage has cost him £183m so far in 0.43% the money for new signings, though, 13.12% He has, over the years, proved parachute payments,8.82% the club will be certainly not achieved, the club are loans. financially strong to try to come back up. still reliant on Abramovich’s whim and hence the loss, which was caused by a himself one of the Premier League’s wallet. net spend of £9m on players. most indulgent owners.

0.67%1.37% Sunderland
Turnover
up from £64m in previous year Gate and match-day income TV and broadcasting Sponsorship and royalties Commercial 1.5% £14m £35m £8m £8m

2.23%6.89% 23.88% Tottenham Hotspur
£65m ▲ Turnover
down from £115m in previous year Gate and match-day income TV and broadcasting Sponsorship and hospitality Commercial Merchandising

0.5% 4.09%1.60% West Ham United
2% £28m £45m £27m £6m £7m

0.58%2.30% Wigan Athletic
Turnover
up from £42m in previous year

Wolves
10%

0.01%
£18m
0% £7m £4m £5m £2m =

£113m ▼

Turnover

3.80%0.43%
£50m ▲
35% 77%

24.18% 13.12%
£60m ▲
13% 53%

down from £82m in previous year Gate and match-day income TV and broadcasting Commercial Retail and merchandising

£76m ▼
7% £18m £44m £10m £4m

£46m ▲

Turnover

1.23%1.53%
Wage bill
up from £38m in previous year Wages as proportion of turnover Loss before tax Interest payable Highest paid director Brenda Spencer amount not declared

Same as previous year Gate and match-day income Sponsorhip, advertising and broadcasting Commercial Other

2.68%

up from £37m in previous year 2.23%6.89% turnover Wages as proportion of Loss before tax Interest payable Highest paid director Niall Quinn

Wage bill

Wage bill

up from £53m in previous year Wages as proportion of turnover Profit before tax

0.5% 4.09%

Wage bill

up from £65m in previous year Wages as proportion of turnover Loss before tax

3% 0.58%2.30% 88%

£67m ▲

0.01% 11% 91%

£42m ▲

Wage bill

up from £14m in previous year Wages as proportion of turnover Loss before tax

£17m ▲
21% 94%

£26m

£33m

£16m

£6m

£5m

Debts

£46m
£3m £0.88m

.43%

0.09% 24.18% Accounts for the year to 30 June 2009 13.12% Accounts for the year to 31 July 2009
Ownership Owned by Ellis Short via Drumaville, a company registered in Jersey Money put in by owner £10m in interest free loans, the rest written off

Interest payable Highest paid director Daniel Levy

Debts

£80m
£3m £0.68m

1.37% 1.23%1.53%to 31 May 2009 Accounts for the year
Ownership Danny Gold and David Sullivan Straumur investment bank

Interest payable Highest paid director Scott Duxbury

Debts

£48m
£4m £0.35m

Debts

£69m

£1.6m

23.88% 2.68%
Accounts for the year to 31 May 2009 Ownership Dave Whelan and family via Whelco Holdings Money put in by owners in interest free loans £40m

Interest payable Highest paid director Unnamed

Debts

£0.3m
£0.6m

£0.02m

1.60% Accounts for the year to 31 May 2009

0.5%

£77.5m

Ownership Majority owned by Enic International Ltd, registered in the Bahamas, a tax haven. Chairman Daniel Levy and family own 29.41% of Enic. Controlling owner is Joe Lewis, resident in the Bahamas.

50% 50%

0.58%

Money put in by owners

£15m

Money put in by owners £20m to buy 50% in new shares by Sullivan and Gold; Straumur wrote off £10m debt

0.01%

Ownership Steve Morgan owns 25% of club personally, and 75% via his company Bridgemere Investments, based in Guernsey Money put in by owners Invested by Morgan in shares in August 2007 £30m

Turnover

Turnover

Turnover

Turnover

Turnover

4.18% Wage bill 13.12%
Premier League debt

0.67%1.37% 1.23%1.53% Wage bill
Premier League debt

6.89% Wage2.68% 23.88% bill
Premier League debt

4.09%1.60% Wage bill
Premier League debt

Wage bill

2.30%

Premier League debt

37% 1.23%1.53%

2.23%6.89% 23.88% 2.68%

0.5% 4.09%1.60%

0.58%2.30%
State they’re in Dave Whelan’s pet project is in reasonable form as long as he keeps pouring money in. Wigan’s improbable rise to the Premier League is due solely to Whelan’s patronage and decent management by those he has appointed. The accounts note net liabilities, owed 0.01% to all creditors, of £54m, predict “further losses anticipated in 2010 and 2011” and state there is “a material uncertainty which may cast significant doubt about the company’s ability to continue as a going concern.” Whelan pledged to keep putting the money in so his Wigan venture continues.

0.01%
State they’re in Apparently very healthy after Premier League survival. Following Morgan’s takeover from Sir Jack Hayward in August 2007, Wolves did what aspirant Championship clubs have to do – gambled financially to win promotion. This 2008-09 picture shows them making a £5m loss, serious in the Championship, after spending 94% of the turnover on wages, but the gamble worked as the club reached the Premier League land of plenty. Wolves are debt-free and in a good position to sign players next season, although Morgan continuously warns that his club, and all clubs, should live within their means.

State they’re in State they’re in by an issue of new shares Mightily relieved that Quinn found Another cautionary tale. The white Short, a private equity investor from knight at Upton Park was Bjorgulfur State they’re in Dallas, and persuaded him to finance the Gudmundsson the club faced meltdown Apparently thriving, but we are yet club’s overspending, just as its previous when his fortune collapsed and it was to see how Spurs have financed the Irish investors were being burned by the repossessed. The previous year, 2007huge spending on players for Harry recession. Short has invested £67.5m 08 was the worst; the Hammers posted Redknapp and where the funding will and converted it into shares, a pure a £72m loss and in May 2008 and 2009 come from for the proposed new 56,000 0.5% seat stadium. The 89% investment into Sunderland, with a 4.09%1.60% policy has borne 0.58%2.30% default with the bank. 23.88% 2.68% the club was in further £10m loaned in interest free. Sullivan and Gold have shrewdly paid fruit, though; the club is making a tidy Quinn says Short remains committed, for 50% of West Ham half of what they £113m turnover and after claiming the and believes a club with Sunderland’s received for selling their Birmingham cherished fourth place, will increase tribal support will grow in stature and stake, and are looking to run the club earnings next season. Enic, the holding ultimately be more valuable financially tightly, while pitching for generous company owned by Levy and Lewis, too. Pressure willintensify on Steve terms to occupy the Olympic stadium invested almost £15m via a new share Bruce next season for a better return on after 2012 to secure more control. issue, genuine investment by the all those millions than 13th place. owners towards the new stadium.

0.5% 4.09%1.60%

0.58%2.30%

0.01%

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