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City Ground

Last month, Nottingham Forest became the latest in a line of Premier League clubs to take on high-interest debt from American private equity.

In this case, as first reported by The Financial Times , Forest had made the decision to take out an £80m loan from New York-based fund Apollo Management, a company co-founded by Crystal Palace co-owner Josh Harris, with the loan reported to be over three years, as per corporate filings, at a borrowing rate of 8.75% per year.

In recent years, clubs have borrowed from a number of lenders, from some rather opaque ones such as Rights and Media Funding Limited, who had loaned Everton hundreds of millions until that debt was addressed through new ownership recently, while Australian bank Macquarie have been a go-to for a number o

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