26 Jan 2010Prime minister issues football finance warning

Football Clubs News | Football Finance News

Gordon Brown has joined the debate over football finance in England by admitting that some clubs' debt problems are a cause for concern.

Recent figures from Manchester United's parent company revealed that the organisation's debts have now surpassed £716.5 million, while West Ham United's new co-owner David Sullivan claimed last week that the east London club has combined debts of £110 million.

The prime minister was questioned about the issue at his monthly Downing Street press conference on Monday (January 25th) and said that the current level of borrowing in football is "too high".

However, Mr Brown also appeared to rule out the prospect of any government intervention to force clubs to operate within their means.

"It is a matter that the clubs themselves have got to be concerned about," he commented.

"The management of clubs must look seriously at their responsibilities to their supporters."

Mr Brown is currently a shareholder in the Scottish First Division side Raith Rovers, having participated in the buyout of the Fife club by a local consortium in 2005.

Written by Terry Mitchell

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