What is also apparent from these figures is that, while Premier League clubs do certainly have greater revenues, they are also far more willing to take risks and focus their spending on players. On average, they are spending 20 per cent more of their income on wages. The total net debt for the Premier League also now stands at £2.5 billion, although around two thirds of that debt is what is called ‘soft debt’ because it is owed to the owners of certain clubs. The Bundesliga’s more restrained and perhaps sustainable fiscal model is evident in how their 18 clubs recording operating profits in 2012-13 that were almost three times higher than those 20 clubs in the Premier League.