Part of a Swiss Ramble piece on QPR puts the combined debt of Premier League clubs over the last four years at nearly three-quarters of a billion pounds. Written out, it's £729,000,000, a staggering sum of money.
It makes a mockery of so-called Financial Fair Play.
QPR have amassed loses of £203 million, followed by Manchester City with total losses for that period standing at £163 million. Then come Villia with net losses of £101m. Even Leicester's title success is somewhat tainted by their £58m deficit.
Only ten clubs are in the black, according to the Ramble study. Our combined profits of £23m for that period put us at seventh equal with Manchester United in that particular table. Spurs and Arsenal are the top two, with combined profits of £88m and £70m respectively, though's Tottenham's figure is largely attributable to the sale of Gareth Bale. Newcastle are third in that list with £66m - would they be fighting relegation if they'd spent a bit more of it?