Chelsea and QPR as most in debt

[MYU]

Report reveals Sunderland’s £78million income, Newcastle named among biggest earners – but joins Chelsea and QPR as most in debt.

SUNDERLAND AFC generated £78million in revenue in the 2011/12, the latest review of football finances has shown.

Deloitte’s annual review of football finance for 2011/12 shows Sunderland’s revenue was two per cent down than in the previous season.

http://www.sunderlandecho.com/news/business/report-reveals-sunderland-s-78million-income-newcastle-named-among-biggest-earners-but-joins-chelsea-and-qpr-as-most-in-debt-1-5741928

[Rich]

£93m to the Mittals? Like me having to buy someone I don't like a pint

[Yousef]

Fantastic news again.

[QPR Richard]

So then, Lakshmi Mittal's share of the debt is £31m. The man is worth something like £22bn. TF and his consortium's share is £62m split three ways, each share being a little over £20m each, the consortium having a rumoured combined wealth of £1bn.

This is money that was put in by the investors and not borrowed from outside sources. If the board ever sold the club they'd either have to clear the debt or someone would have to buy the debt with the club.

The board is made up of very successful businessmen who know how to run successful companies. I don't think we should be worried about the debt. We should worry more about team matters.

[vblockranger]

So then, Lakshmi Mittal's share of the debt is £31m. The man is worth something like £22bn. TF and his consortium's share is £62m split three ways, each share being a little over £20m each, the consortium having a rumoured combined wealth of £1bn.

This is money that was put in by the investors and not borrowed from outside sources. If the board ever sold the club they'd either have to clear the debt or someone would have to buy the debt with the club.

The board is made up of very successful businessmen who know how to run successful companies. I don't think we should be worried about the debt. We should worry more about team matters.

Oh thats alright then...total **** up and £93 million in debt all to see us relegated with a team full of sh1t players on unsustainable wages and us having to rely on the plum who got us in this mess to keep paying the shortfall. No biggy. All we can hope is TF and Co have maybe learnt a lesson from the debacle of last season in particular...time will tell.