Some time ago I wrote a post about the spiralling debt at the top of the Premiership. In order to feed their gluttonous spending spree, top football teams, most notably Manchester United and Liverpool have been running up enormous debts, or at least their parent companies have.

Despite their great successes in recent years, these teams’ debts are mounting. Now the chickens are coming home to roost.

Can you imagine a Premiership without Liverpool and Man U? If they don’t sort their debts out before long, they could be going the way of Lehman…

Posted on June 5