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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
María 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.
"In general, the clubs suffer from a worrying and distinct lack of capitalisation," he mused.
"Some
clubs are even in a technical situation of bankruptcy, that is to say
that their assets are lower than the existing debt and, consequently,
with all their assets and investments, are not in a position to pay off
their debts."
Liébana also acknowledged that many of the teams
in the report have now been relegated, such as Zaragoza, Gimnastic,
Levante, Celta Vigo and Real Sociedad.
+2
fcb
Football Genius
6 posters
La liga's Debt
Guest- Guest
Football Genius- Number of posts : 7743
Age : 40
Supports : Liverpool
Registration date : 2006-08-07
After all this guff about EPL clubs holding debt... this is awsome 
fcb- Number of posts : 40471
Age : 113
Supports : FC Barcelona
Registration date : 2006-08-11
I've read that about Barcelona elsewhere as well...1 or 2 years ago the club claimed it was down to 60m euros, but then a few months ago I read it was actually still above 200m euros. Not sure who to believe. Even this report isn't reliable with regards to the other clubs.
TM- Number of posts : 21218
Age : 34
Supports : PROGRESS!
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Registration date : 2006-08-16
Time to sell some land!!!
Guest- Guest
kas wrote:I've read that about Barcelona elsewhere as well...1 or 2 years ago the club claimed it was down to 60m euros, but then a few months ago I read it was actually still above 200m euros. Not sure who to believe. Even this report isn't reliable with regards to the other clubs.
just found this after i posted the trend.
http://www.fcbarcelona.com/web/english/noticies/club/temporada08-09/01/n090107103521.html
laporta is say the club debt is zero
but i don't think thats right, i'm sure we have yet fully paid for our signing over the summer, are maybe that is taken into account?.
EMP- Number of posts : 7384
Age : 61
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Favourite Player : The Legendary David Albelda, Mohammed Aboutreika, Charles Gyamfi, Baba Yara, Kalusha Bwalya, Godfrey Chitalu, Segun Odegbami,
Registration date : 2007-03-24
Messiah wrote:kas wrote:I've read that about Barcelona elsewhere as well...1 or 2 years ago the club claimed it was down to 60m euros, but then a few months ago I read it was actually still above 200m euros. Not sure who to believe. Even this report isn't reliable with regards to the other clubs.
just found this after i posted the trend.
http://www.fcbarcelona.com/web/english/noticies/club/temporada08-09/01/n090107103521.html
laporta is say the club debt is zero
but i don't think thats right, i'm sure we have yet fully paid for our signing over the summer, are maybe that is taken into account?.
I think we can trump your debt and raise you a financial crisis or two. At least we lead La Liga in something!
Fey- Number of posts : 35349
Supports : Feyenoord and Manchester United
Favourite Player : ??#$ Error, John Guidetti, Jordy Clasie
Registration date : 2006-08-07
Depts mean nothing in the south of Europe.
bluenine- Number of posts : 22998
Age : 50
Supports : www.footballspeak.com
Favourite Player : Zanetti
Registration date : 2006-08-08
Fey wrote:Depts mean nothing in the south of Europe.
???
Italian clubs do not have such disproportionate debts as compared to their La Liga or EPL counterparts. Luckily for them, their either have very rich patrons or have good financial discipline - coz the FIGC guidelines are pretty strict on this.
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