Manchester United and Liverpool were bought with debt by American owners. They borrowed N billion pounds with a lot of interest, and then used the club to make money to repay the debt. Of course, we fans did not know about it before they were acquired, otherwise the Americans would It's not that easy to acquire.

Real Madrid and Barcelona are a members-only club. You can borrow money from the bank to buy people. Anyway, the chairman does not have to pay for it, so he naturally has less worries about spending money to buy people.

Arsenal owes money to build the stadium, but it is still doing well.

Chelsea and Manchester City were acquired by a wealthy man. They will definitely buy superstars or powerful stars at the beginning. They will spend money lavishly. Naturally, they will have a lot of debts, but they are all owed to their bosses. The boss can just say it. All gone. After being acquired, their business operations will naturally change, but it is unlikely to reach the level of Manchester United in the short term. Chelsea has become much better after a few years under former Manchester United CEO Kenyon (who has also been fired).