New Report Reveals Massive Debts In La Liga

La Bomba · Jan 7, 2009

Clubs in Spain have never been shy of flashing their plastic cards over the years but, according to a report today, most of those doing the spending have exceeded their credit limits.

The study, which comes from the University of Barcelona, was published by the newspaper La Vanguardia today, and reveals that in total, during the 2006/2007 season, La Liga clubs were in debt to the tune of €3,000,000,000.

According to the report, most of that debt comes from signings, which total €1,332,100,000, and it is no surprise to see Real Madrid at the top of the list.

The defending La Liga champions lead the way with a debt of €527,000,000, whilst close behind them are the capital's other major side, Atlético Madrid, with €430,000,000.

Behind those two come Barcelona, who have a debt of €388,000,000, and according to José Mar?*a Gay de Liébana, author of the report, the only clubs who saved during that season were Villarreal, Racing Santander, Deportivo La Coruña and Gimnastic de Tarragona.

Speaking to the newspaper today following the report, Liébana sounded concerned by the findings and even admitted some clubs are techincally bankrupt.
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http://www.goal.com/en/news/722/la-...2/new-report-reveals-massive-debts-in-la-liga

Goddamn it.

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New Report Reveals Massive Debts In La Liga

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