How Living Next Door to a Premier League Team Could Affect Your Finances
All over the UK, there are postcodes which are deemed to be more or less desirable than others. For die-hard football fans, the idea of living a stone’s throw from their club’s stadium might seem like a dream come true – but a new look at debt levels around the UK shows that living next door to a Premier League team doesn’t always mean that their riches rub off on you.
In a new report from Know Your Money, the debts of Premier League football teams and their immediate neighbours have been sized up, along with the debts of people living elsewhere in stadium postcode zones.
People living near Watford FC have 94% more debt than their neighbours, while those living next door to Newcastle United have 85% less debt than the average NE resident!
Other interesting points from the report include:
- Londoners sharing a postcode with Watford FC, Crystal Palace, Tottenham Hotspur, Arsenal and Chelsea all have more debt than people elsewhere in their postcode zone
- People living next door to Southampton FC, Sheffield United and Newcastle United have substantially lower debt than nearby neighbours
- Burnley FC remains a model club and postcode area, with the team boasting no debt at all, and local residents pleased to have dramatically less personal debt than people elsewhere in the region
As well as noting that Chelsea’s debt to Roman Abramovich means that the team is in more debt than the entire SW postcode two times over, debt ranking tables note the highs and lows of Premier League and surrounding postcode debt.
View the full report here – how do your team stack up when compared with the rest of the Premier League, and could you learn any lessons in money management from your favourite team?
Victory for Sheffield United and neighbours
Sheffield United were almost at the bottom of the debtors league, beaten only by Burnley and Everton who each have no debt at all. With only around £2 million of debt at present, Sheffield are leagues ahead of the rest of the premiership – with other Premier League newcomers Aston Villa and Norwich rounding out the five teams with the least debt, nothing £6 million and £6.5 million of debt respectively
At the top of the tables, Chelsea and Manchester United have a combined debt of more than £1.5 billion, though many argue that Chelsea have no debt at all. Their £1 billion figure comes from the fact that they are in debt to Roman Abramovich to the tune of at least that much cash, though the real figure is estimated to be much more.