bollocks, there is a hell of a lot of debt in the PL and Steanta are already close to financial ruin, as the worldwide recession tightens the amount of money flooding england will start to dry up and clubs will find themselves unable to match their payments and re-payments.....then we can sit back and watch it all unravel
I think that these are wishful thinking from many non-PL supporters or those who don't like that league and am one of them.
Yes they do have big debts but its a normal thing for a firm or a company to have debts (almost all companies in the world have debts, and the bigger the company is the bigger its debts will be) as long as they're making huge revenues = paying their debts things will be fine. PL clubs are generating "double" the revenues that serie A or spanish la liga clubs are making right now.
As for their expenses try to compare what the english clubs are spending right now with the way serie A clubs used to spend 10-15 years ago.
Most expensive transfer fee ever paid by an english club is the 40 mil euros man city paid for Robinho last season (and their media are slaying city for paying such fee). While in serie A clubs were paying 56 mil euros (crespo to lazio), 50 mil euros (buffon), 48 mil (vieri to Inter), 42 mil (nedved) not to mention other ridicolous fee paid for average players like mendieta (48 mil euros), ortega (34 mil).....
My point is, english clubs are spending reasonably compared to the revenues their making right now. Clubs like arsenal are hardly spending anything and they're generating absalutely Huge revenues, liverpool and united are spending more but still normal.
The only two clubs that are spending alot are chelsea and man city and both of those clubs are owned by billionaires and the money that they're spending are soft loans (without interests).
Those guys know what they're doing, and as i said in the previous post When it comes to money the english are pretty cautious people.