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The Harvey files 6: football finances

By Harvey Cole  

As the 2008/09 football season approaches and the credit crunch apparently deepens, it seems an opportune moment to look at the finances of Britain’s top football teams. A recent report from Standard & Poor’s highlighted the vulnerability of English football clubs to a potential economic downturn. This was in spite of revenues of English clubs—particularly those in the Premier League—being the strongest in Europe.

The reason for this is made clear by an earlier report, this year’s analysis by Deloittes, of the finances of the League clubs. The 20 Premier League clubs had total income in 2006-07 of £1,515m, but…

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