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Football is an industry which has always been synonymous with money. Whether it’s because of the transfer fees splashed out on summer signings, the massive broadcasting contracts or the astronomical wages, so much of the coverage of football centres on finance.

At the same time, the UK has hit a bit of a spending boom, with mortgages and borrowing reaching record levels. But is this really an issue? 

To put our spending into perspective a new tool has been created which compares the heavyweight debt levels of the premier leagues 20 teams and pits them up against personal debt level in every postcode across the UK.

So is our borrowing activity at a level which could give the giants of the Premier League a run for their money?

Well surprisingly…yes! Here are just a few statistics taken from the tool which provide uncomfortable reading.

  • The residents of Burnley’s BB region have a total of £265m in personal debt, whilst their local football club has a debt of…£0! Sean Dyche and his club have this finance thing sorted out.
  • Liverpool’s L postcode has double the amount of debt than their retrospective football club does! 475m compared to 182m.
  • Manchester United top the table for club debt with a sum of £503m, however the residents of the M postcode have out borrowed the club with a total personal debt sum of £599m. 

Luckily for us, football can not only put our borrowing in perspective but can teach us a thing or two about finances. Courtesy of Know Your Money, here are three financial lessons that the beautiful game can help us understand. 

Financial Fair Play

Now whilst your finances are very different to that of a football club, the mantra of ‘living within their means’ is a wise one and this is what financial fair play is all about. Making a budget and sticking to it is one of the oldest tricks in the book, but that’s because it works!

It’s no secret that we are living in a FOMO (fear of missing out) culture so this is easier said than done, but just like in football, a strong mind set is everything. Stay mentally strong and your bank account will look all the better for it. 

Maximise revenue

The world of football doesn’t just make money on the pitch, it makes money by teams selling advertising opportunities on anything and everything. From shirt sponsors, advertising hoardings to even stadium naming rights, teams know exactly how much awareness they can give businesses, so maximise this to nth degree.

The lesson here, is to maximise your earning potential. Take a look at what assets you have, whether that’s clutter you can sell at a car boot, or a spare bedroom you can rent out and make sure you’re making the most of it! You might be surprised at how much these methods can earn you.

Wages to turnover

This is all about balancing the books. Whilst clubs need to think about how they can pay for a world class footballer, you need to think about how you’re going to pay for that new car or those recurring mortgage payments.

This requires a bit of maths of course, but fortunately its nice and simple. Incomings – outgoings = disposable income. 

If you find yourself with little to no disposable income, it might be time to take a step back from the spending and ensure you’re in a situation which you can handle. It doesn’t matter how high your household income is if your outgoings are just as high!


Football and finances: What can the beautiful game teach us about money?
Digital Mag

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