Concern for future of debt-laden English clubs

THE dominance of debt-laden Premier League clubs in Europe will soon come to an end as the global financial crisis takes hold, according to a leading football finance expert.

West Ham became the first major victims of the credit crunch on Tuesday night when their chairman Bjorgolfur Gudmundsson saw his major stockholding in Landsbanki wiped out when the troubled Icelandic bank was nationalised.

It came on the same day as FA chairman Lord Triesman warned of the £3 billion (€3.8b) debt timebomb that could explode in English clubs’ faces as economies around the world continue to struggle.