There's a great 4 page article with the lowdown on the real facts on clubs debt, profits, wages and cashflows for 2010/11 (i.e. disregarding tabloid agendas against non-London clubs):
Unsurprisingly, the 4 CL clubs that year had the strongest operating (and post interest) net cashflows. Spurs positive £66m, was improved by £50m mainly by being in the CL that year.
Of the non-CL clubs that year, Wolves, Newcastle, and Liverpool, had the best solvency based on cash flow.
Looks like Wolves have paid the price for being too careful with their finances!
Man City - up to May 2011, Sheikh Mansour had gifted them £930m, which didn't include 2011/12's big transfers & another season of wages alone way in excess of turnover.
Unsurprisingly, the 4 CL clubs that year had the strongest operating (and post interest) net cashflows. Spurs positive £66m, was improved by £50m mainly by being in the CL that year.
Of the non-CL clubs that year, Wolves, Newcastle, and Liverpool, had the best solvency based on cash flow.
Looks like Wolves have paid the price for being too careful with their finances!
Man City - up to May 2011, Sheikh Mansour had gifted them £930m, which didn't include 2011/12's big transfers & another season of wages alone way in excess of turnover.