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11 Nov 2026 09:40:29
There is likley no obligation to clear the debt, however it will be taken into account in the final valuation of the club

The headline £5bn valuation might be before or after this has been taken into account, I suspect probably before.

Obviously £1bn of debt is a big amount +/- on the actual amount paid and any sensible buyer would be accounting for this. I am assuming the likelihood of a sovereign purchase is not big

The Football Board Room podcast did an interesting one on any potential sale and realistically how few people could actually buy it. It suggested that even Ineos wouldn't have the money/inclination to do a deal at a £5bn valuation.

It did suggest Spring next year could be a signifciant point in time.

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