http://www.bbc.co.uk/sport/0/football/26813363
This article is about Southampton FC. Apparently they have £27m owing to clubs from outstanding player deals and will have a £30m bill for their new training ground. According to Match of the Day on Sunday will be forced to sell their World Cup players in order to try to pay their way out of their financial predicament.
Whilst news like this isn't that uncommon, I don't consider them to be a club that has spent big on huge names in order to survive in the top flight. In fact a lot of their players have been bargain buys or youth promotions so what have they done with their money. OK much will be due to them but with money about to be paid I don't see the need to have to sell in the summer. The only things would be massive pay rises for new players and management compensation payments. If they cannot survive in a league that pays £60m a year than can any club stay solvent in it??
This is the team that played in their final game:
BORUC - (Fiorentina - Free Agent)
CLYNE - (Crystal Palace - Undisclosed)
SHAW - (Promoted from youth)
SCHNEIDERLIN - (Strasbourg - £1.2m)
FONTE - (Crystal Palace - £1.2m)
LOVREN - (Lyon - £8.5m)
CORK - (Chelsea - £750,000)
WANYAMA - (Celtic - £12.5m)
DAVIS - (Rangers - Free Agent)
LALLANA - (Bournemouth - £20,000)
LAMBERT - (Bristol Rovers - £1m+)
Apart from the £20m or so for Lovren and Wanyama, the rest are pretty bargain basement and many of these deals go back years where the fee has since long been settled or for new ones where fees are outstanding. I would have thought much of this season's fees owed for participating in the Premier League should have been able to clear the majority of this without too much trouble.