Think about this "massive debt" like a mortgage. Your level of income means you can afford to change your car every 2 years, go on a great holiday every year, live well and eat well whilst buying whatever you may need with a bank account very much in the black. You can do this despite the "massive debt" of your mortgage because your income is more than enough to cover the repayments comfortably and still leave enough for other things.
Like I've said, Arsenal earn their money. Chelsea don't get paid for playing football, The FA pay us in baby's souls for Roman to feed on, and the dried up husks of the host mothers are thrown to John Terry for him to have his way with. We earn nothing guys, dont forget that.....
We've earned more revenue that Arsenal in recent years: http://en.wikipedia.org/wiki/Deloitte_Football_Money_League#2010.E2.80.9311 And they have spent more than us on wages: this is financial doping, I hope Platini acts accordingly