Newcastle United have a staggering debt of £384m, which is remarkable considering the lack of investment on the pitch at times at St James' Park.
Since Mike Ashley bought shares from Freddie Shepherd in 2007, it was revealed that Newcastle had a debt of around £70m, which had interest payments of £6m per year to Barclays Bank. However, Once he bought full control of the club from Sir John Hall back in 2008, he would be required to pay a £57m mortgage off on the stadium to Barclays, of which he has never done, instead, he moved the debt to a different debt creditor, MASH Holdings, his own company.
Since then, the Toon Army haven't paid off any debt and have even spent two seasons in the Championship. In their last spell in England's second division in 2017/18, they spent 131% of their revenue on player wages alone, before being promoted back to the Premier League.