The Prompt Payment Premier League
Creditsafe have created a Prompt Payment Premier League table. Their table reveals that English Premier League Clubs have overdue invoices totalling £1.3million and 20% are late by 20 days or more beyond the agreed payment terms. Manchester United who place 19th in the Prompt Payment Premier League have 63 outstanding invoices totalling £857,183, making up 66% of the total value of outstanding invoices owed by all Premier League clubs.
Despite having a combined annual turnover of more than £987million, Arsenal, Manchester City and Manchester United all pay their suppliers on average, 8 days slower than the Premier League average of 13 days beyond terms (DBT). In comparison, 2 out of the 3 clubs who have been relegated this season – Hull City and Middlesbrough – were in the top 50% most prompt payers in the Premier League, paying in 10 days or less beyond agreed terms and have outstanding invoices to the value of less than £1,000.
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