England’s top flight is the most glamorous league in the world and its clubs are making more money than ever, but still Premier League clubs are drowning in £2.4 billion debt, revealed the annual Deloitte review of football finance. According to the report, Premier League clubs raked in a record combined revenue of £2.28 billion in the 2010 -11 season, rising by 9% compared to last season. In spite of the increase, operating profits reduced by 19%…