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Premier League clubs owe £1.6billion in transfer fees as financial uncertainty looms due to coronavirus pandemic

Manchester United reportedly owe more than £169million in transfer fee instalments as Premier League clubs face a possible cash crisis due to the coronavirus pandemic.

All professional football in England is currently suspended due to COVID-19 with uncertainty over when it will actually return.

Bruno Fernandes has made a big impact at Old Trafford
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Some reports suggested that Premier League clubs would collectively lose out on around £750million if the season were to end early.

This is not currently believed to be on the agenda as bosses remain committed to completing the 2019-20 season when safe to do so.

There could certainly be a cash crisis for many clubs, with many clubs still owing millions in transfers.

Kieran Maguire, a university lecturer on football finance, revealed that Premier League clubs have an overall £1.6billion in outstanding payments.

Premier League clubs' transfer money owed

1. Man United – £163.9m

2. Man City – £83.7m

3. Tottenham – £83.4m

4. Bournemouth – £76.6m

5. Fulham – £73.9m

6. West Ham – £70.2m

7. Southampton – £63.7m

8. Arsenal – £53.2m

9. Crystal Palace – £47.2m

10. Wolves – £44.2m

11. Leicester – £43.6m

12. Liverpool – £36.7m

13. Everton – £24.2m

14. Watford – £23.7m

15. Brighton – £16.5m

16. Cardiff – £9.6m

17. Burnley – £5.3m

18. Chelsea – £1m (to be received)

19. Huddersfield – £4m (to be received)

20. Newcastle – £15.6m (to be received)

Manchester United have £169.3million due to be paid out still, which is £85.3million ahead of any of their rivals.

The Red Devils have spent big in the transfer market over the last 12 months with the additions of Bruno Fernandes, Harry Maguire and Aaron Wan-Bissaka.

Their rivals, Man City, are second on the list owning around £84million having recently purchased the likes of Rodri and Joao Cancelo.

Worryingly, Fulham make the top five, still owing £73.9million, despite their relegation to the Championship last season.

Premier League clubs are reportedly set to be handed part of their end of season prize money in a bid from top flight officials to help ease the financial burden caused by the coronavirus crisis.

Last week, all 20 top flight sides agreed to be given part of their cash allocation – which varies according to their final position in the league standings.


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