Taking Loans in the Football World has become a Norm in Recent times and it’s like impossible for a Football Club to Boast of having no Debt.
List of Seven Football Clubs In Europe that are free From Debt.
7. AC Milan
The Italian Scudetto Champions are Amongst the 7 clubs in Europe that can beat their chest and brag of having no debt whatsoever.
The club under Ac Milan president Paolo Scaroni have been run really intelligently as they prefer to loan in players and sign really old experienced players for free or for almost nothing.
E.g Giroud to Ac Milan for 1 million Euros, Mandzukic, Ibrahimovic Transfer, Fikayo Tomori Loan move to Ac Milan from Chelsea before signing a Permanent deal with Ac Milan.
With that in mind, Ac milan recorded no Debt in 2022.
6. Newcastle United
The Premier League Club are amongst the few EPL clubs that can boast about being debt free, after Mike Ashley refused to spend outrageously during his tenure as Newcastle United owner.
After completing the sale of Newcastle United to the Saudi’s the Historic premier league club can further boast of being the richest club in the premier League with zero debt.
5. Athletic club Bilbao
The Basque based La Liga team is one of the oldest Football clubs in Spain and the only Spanish team that can boast of being debt free.
The club is ran intelligently as they only sign footballers with Basque Origin so they spend less on player transfers.
4. Leicester City
The Premier League mid-table team boast of having no debt a rather unusual happening. They remind the football world of their Overachievement as they won the epl in the 2015/2016 premier league season.
How did Leicester City become Debt free?
The club have always had this ideology of Buying players for less and selling them for gigantic Figures.
Recent Examples of players Sold are; Harry Maguire to Manchester United for 80 million euros, Riyad mahrez to Manchester City for 60 million euros (A club Transfer record for Manchester City at that time). N’golo Kante to Chelsea for 32 million euros, Chilwell to Chelsea for 50 million euros and Danny Drinkwater who failed to give any impact at Chelsea for 35 million euros and other players they sold for really enormous amounts.
From what you could see Leicester City are a well run club with an Excellent Scouting network around Europe little wonder why they are debt-free.
3. Manchester City
Would it surprise you to see the Epl giants on this list? Manchester City regardless of their enormous spending recently are a debt free Club.
Most of their revenue comes from Competition prize honors and as rumoured Partnership deals they are setup by the owner of the club.
Nevertheless, Manchester City spend sensibly no wonder their players hardly Flop. As they are well Scouted and Verified by Pep guardiola if they fit into his long term plans.
They don’t sign players for Outrageous amounts except that of jack Grealish where they spent over 100 million euros to buy him from Aston Villa. He ended up playing averagely for Manchester City.
The main reason Manchester City is debt-free as said in this article is that they spend sensibly, win trophies and get Massive Partnership Deals.
The Ligue 1 club is among the list of Clubs in Europe with Zero Debt despite spending outrageous Sums yearly, giving unbelievable contracts and Selling almost no player.
It’s a Mystery they are among the Seven clubs in Europe that are debt-free despite being poorly run.
Abramovic bought Chelsea at the brink of being in bankruptcy and turning the club’s fortune around to be among the few clubs in Europe to be debt free as he left the club with almost no penny after being forced to sell the club.
How did Chelsea become Debt Free?
The answer is simple. Abramovic loaned his money to the club when there was no financial fair play rule and Ruled out repayment of his money when he was forced to sell the club to American investor Todd Boehly.