Premier League clubs owe 3.1 billion pounds in bank overdrafts
England's 20 Premier League clubs owe 3.1 billion pounds in bank overdrafts, loans and other borrowings, according to the latest published financial information.
Premier League clubs continue to defy the global recession as a new report shows revenue from the top 20 teams in England reached a record 1.981 billion pounds in 2008-09 and is likely to have exceeded two billion pounds in the 2009-10 season.