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Owners provide most Championship debt

Nine of the 20 highest debts were at clubs playing in the Championship in 2021/22, reports the authoritative Swiss Ramble.  The highest ranked Championship club was Blackburn Rovers, followed closely by Middlesbrough and then Birmingham City.

The picture is a bit different if we only look at external debt, i.e. owed to banks, where only four clubs had more than £100m debt: Spurs £853m (stadium), Manchester United £636m (Glazers), Everton £174m and Wolves £105m. Most debt in the Championship is provided by owners, so "soft" in nature.

The highest owner debt in England is led by Brighton £406m, Everton £381m, Leicester City £266m and Arsenal £218m, largely driven by infrastructure investment. Much of the debt in the Championship is provided by owners (12 of top 20 clubs).

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