Forbes top 20: English clubs live beyond their means

A mirror into the divide between England’s wholehearted embrace of the financial stimulus and the rest of Europe’s go slow attitude. The overtly capitalistic Premiership does not just attract the most money but it also likes to live beyond its means.
The Forbes list of the top 20 richest clubs is out, and Arsenal finds itself behind Man U and Real at the top in valuations. However, Arsenal’s investment in the Emirates has loaded it with the highest debt to value shortfall of 127%. This is a noticeable feature in all English clubs save Man City.
Following Arsenal is Chelsea and Newcastle. There are six English clubs amongst the clubs with the largest debt to value percentages. In contrast, the German and Spanish clubs seem to live well within their means. Barcelona is the hottest club not just in terms of performance but in financial health too.

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