The Debt League
Every English football club ranked by net debt. Bank borrowings vs director loans vs group loans, because who you owe matters as much as what you owe.
| # | Club | Net debt | Bank | Director loans | Group loans | Cash | Year |
|---|---|---|---|---|---|---|---|
| 1 |
THFC
|
£81m | — | — | £20m | 2024/25 | |
| 2 |
MUFC
Manchester United
Glazer family / INEOS
|
£637m | — | £138m | £74m | 2024/25 | |
| 3 |
AFC
Arsenal
Stan Kroenke (KSE)
|
— | — | £325m | £33m | 2024/25 | |
| 4 |
LFC
Liverpool
Fenway Sports Group
|
£69m | — | £218m | £2.5m | 2024/25 | |
| 5 |
EFC
|
— | — | — | £79m | 2024/25 | |
| 6 |
BCFC
|
— | — | £188m | £14m | 2024/25 | |
| 7 | £101m | — | £248m | £33m | 2024/25 | ||
| 8 |
AVFC
Aston Villa
V Sports
|
£78m | — | £202m | £6.3m | 2011/12 | |
| 9 |
BHA
Brighton & Hove Albion
Tony Bloom
|
— | — | £336m | £40m | 2023/24 | |
| 10 |
CCFC
|
— | — | £155m | £1.4m | 2024/25 | |
| 11 |
LCFC
|
£104m | — | £60m | £4.5m | 2024/25 | |
| 12 |
WHU
|
£3.9m | — | £213m | £422k | 2024/25 | |
| 13 |
SCFC
|
— | — | £191m | £26m | 2024/25 | |
| 14 |
BRFC
|
£13m | — | £139m | £264k | 2024/25 | |
| 15 |
CPFC
|
£30m | — | £34m | £14m | 2024/25 | |
| 16 |
SFC
|
— | — | £151m | £9.3m | 2024/25 | |
| 17 |
BFC
|
£105m | — | — | £13m | 2024/25 | |
| 18 |
HTAFC
|
— | — | — | £3.2m | 2024/25 | |
| 19 |
HCFC
|
— | — | — | £93k | 2024/25 | |
| 20 | — | — | £72m | £470k | 2024/25 | ||
| 21 |
SUFC
|
£24m | — | £11m | £2.8m | 2024/25 | |
| 22 |
WFC
|
— | — | — | £1.3m | 2024/25 | |
| 23 |
OUFC
|
£19k | — | £58m | £243k | 2024/25 | |
| 24 |
NUFC
Newcastle United
PIF, RB Sports, PCP Capital
|
£58m | — | £11m | £12m | 2023/24 | |
| 25 |
CCFC
Coventry City
SISU Capital
|
— | — | — | £373k | 2011/12 | |
| 26 |
CAFC
|
— | — | £49m | £949k | 2024/25 | |
| 27 |
CUFC
|
— | — | £40m | £154k | 2024/25 | |
| 28 |
PUFC
|
— | — | £10m | £149k | 2024/25 | |
| 29 |
WAFC
|
— | — | — | £603k | 2024/25 | |
| 30 |
AWFC
|
£30k | — | £17m | £1.3m | 2024/25 | |
| 31 |
BRFC
|
£389k | — | £16m | £1.3m | 2024/25 | |
| 32 |
WA
|
£3.3m | £956k | £5.0m | £3k | 2024/25 | |
| 33 |
NTFC
|
— | — | — | £195k | 2024/25 | |
| 34 | — | — | £14m | £325k | 2024/25 | ||
| 35 |
CUFC
|
£27k | — | £11m | £189k | 2024/25 | |
| 36 |
ECFC
|
— | — | £9.5m | £1k | 2023/24 | |
| 37 |
BAFC
|
£17k | — | £10m | £675k | 2024/25 | |
| 38 |
RUFC
|
— | — | £9.5m | £289k | 2024/25 | |
| 39 |
MFC
|
— | — | — | £792k | 2024/25 | |
| 40 |
FGR
Forest Green Rovers
Dale Vince
|
— | — | £8.1m | £175k | 2023/24 | |
| 41 |
SMFC
|
£989k | £4.6m | £6.3m | £37k | 2024/25 | |
| 42 |
HTFC
|
— | £6.4m | — | £108k | 2024/25 | |
| 43 |
ASFC
|
— | — | £5.8m | £163k | 2024/25 | |
| 44 |
BCFC
|
-£3.1m | — | — | £33k | 2024/25 | |
| 45 |
HUFC
|
£153 | — | £2.9m | £147k | 2024/25 | |
| 46 |
CUFC
|
— | — | £2.9m | £298k | 2024/25 | |
| 47 |
MO
|
— | — | — | £98k | 2024/25 | |
| 48 |
AFCB
|
£49m | — | — | £47m | 2024/25 | |
| 49 |
TRFC
|
— | — | — | £384k | 2024/25 | |
| 50 |
OAFC
|
£10k | — | £440k | £132k | 2024/25 | |
| 51 |
SFC
|
£371k | £1.1m | — | £168k | 2024/25 | |
| 52 |
YTFC
|
— | — | £400k | £230k | 2024/25 | |
| 53 |
BFC
|
— | — | £235k | £83k | 2024/25 | |
| 54 |
STFC
|
£10k | — | — | £15k | 2024/25 | |
| 55 |
DRFC
|
— | £189k | £69k | — | 2024/25 | |
| 56 |
CAFC
|
£10k | — | £156k | £96k | 2024/25 | |
| 57 |
PAFC
|
— | — | — | £2.7m | 2024/25 | |
| 58 |
BUFC
|
£10k | — | — | £80k | 2024/25 |
What "net debt" means here
Net debt = total borrowings + amounts owed to group undertakings, minus cash on hand. Group loans are usually owner-loan money sitting at a parent company; they're debt the football club owes upwards inside the corporate group, often interest-free and rolled annually.
Director loans = directly from a named individual director, disclosed separately under FRS 102. Most clubs have these only when the owner sits on the board. The Reynolds/McElhenney money at Wrexham was group loans, not director loans, then converted to equity in 2024/25 (which is why Wrexham's net debt fell from £8.7m liabilities to net assets of £11.9m in a single year).
Refreshed weekly. Charges (loans secured against specific assets) are listed on the per-club hub.
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