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Premier League Debt Turnover in 2012 (in millions of pounds)Wages as a % of turnoverCorrelation between Wages and League PositionCorrelation between Wages and League Position(league position on x axis and wage ranking on y axis)MANCHESTER CITYAccounts for the year to 31 May 2012Ownership: Wholly owned by Sheikh Mansour, via the Abu Dhabi United Group, registered in the United Arab EmiratesTurnover: 4th in league, ?231m (up from ?153m in 2011)Gate and matchday: ?22mTV and broadcasting: ?88mCommercial activities: ?121mWage bill: 1st, ?202m (up from ?174m in 2011)Wages as proportion of turnover: 87%Loss before tax: ?99m (following ?197m in 2011)Net debt: ?58mInterest payable: ?3mHighest-paid director: Unnamed, ?1.1m (John MacBeath was the acting chief executive)State they're in:The most spectacular example of an individual from the global super rich buying an English football club and funding them to success. Courtesy of Sheikh Mansour's oil-based fortune, they ran a wage bill ?40m higher than Manchester United's, from income ?90m lower, and won the Premier League with the 94th-minute goal by ?38m Sergio Agüero. The accounts show a striking contrast between modest matchday income, ?22m, with ticket prices lower than London prices, and ?121m commercial income, substantially via sponsorships from Abu Dhabi companies. City say the ?99m loss will come down and, given exemptions in the rules, they will comply with Uefa's financial fair play next season.MANCHESTER UNITEDAccounts for Manchester United plc (registered in the Cayman Islands) for the year to 30 June 2012Ownership: Owned by Malcolm Glazer's six children via Red Football LLC a company registered in the low tax state of NevadaTurnover: 1st in league, ?320m (down from ?331m in 2011)Gate and matchday income: ?99mTV and broadcasting: ?104mCommercial activities: ?118mWage bill: 3rd, ?162m (up from ?153m in 2011)Wages as proportion of turnover: 51%Loss before tax: ?5m (following a ?12m profit in 2011)Net debt: ?366mInterest and other finance costs: ?50mHighest-paid director: ?2,593,000 unnamed (David Gill is the chief executive)State they're in:The staggering business of the Glazer family and their leveraged buyout of United, now registered in the Cayman Islands tax haven and floated on the New York stock exchange. Pages of the annual report are devoted to the global sponsorships that pushed commercial income to ?118m. United remain burdened with ?420m debt from the Glazers' 2005 takeover, at approximately 8.5% interest, which cost the club ?50m last year. The takeover has cost United around ?550m altogether. Last year the club paid a ?10m dividend to the owners, a ?3m management fee to the Glazers, and ?558,484 interest was payable to Kevin Glazer.CHELSEAAccounts (of the holding company, Fordstam) for the year to 30 June 2012Ownership: Wholly owned by Roman Abramovich, registered at Companies House as a Russian residentTurnover: 2nd in league, ?261m (up from ?229m in 2011)Broadcasting: ?113mMatchday: ?78mCommercial: ?70mWage bill: 2nd, ?173m (down from ?190m in 2011)Wages as proportion of turnover: 66%Loss before tax: ?4m (following ?78m in 2011)Net debt: ?878mInterest payable: ?NilHighest-paid director: Unnamed, ?911,000 (Ron Gourlay is the chief executive)State they're in:Roman Abramovich has taken the burden of his loans away from Chelsea Football Club itself, but these accounts for the holding company show the Russian oligarch's loans increased substantially in the year. Abramovich lent a further ?79m to the Chelsea operation, increasing the total to a staggering ?896m, poured into Chelsea since he bought the club in 2003. Some restraint is evident even in the year Chelsea's players were able to win the Champions League trophy for their paymaster. The wage bill came down and ?29m was made selling fringe players. The loss of ?4m would have been higher without an exceptional ?18m noted from two share dealings.LIVERPOOLAccounts for the 10 months to 31 July 2012Ownership: Fenway Sports Group, registered in the USA, of which John W Henry is the principal shareholderTurnover: 5th in league, ?169m (down from ?184m in 2011)Gate and matchday income: ?42mTV and broadcasting: ?63mCommercial activities: ?64mWage bill: 5th, ?119mWages as proportion of turnover: 70%Loss before tax: ?41m (following ?49m in 2011)Net debt: ?87mInterest payable: ?4mHighest-paid director: Unnamed, ?657,000 (Ian Ayre is the managing director)State they're in:Not where John Henry envisaged Liverpool would be when he and his Fenway Sports Group co-investors bought the club in 2010. The ?169m turnover, fifth highest in the Premier League, illustrates the big club status and potential earnings that attracted the Americans to Liverpool, and why Henry believes financial fair play will benefit them. Under Kenny Dalglish Liverpool under-achieved, finishing eighth with the fifth highest wage bill. They made a ?41m loss, debt is high, and the most telling figure is the ?47m FSG loaned themselves in August last year. That is not what FSG saw themselves doing when they bought into the Premier League money machine. ................
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