Despite the news that Barcelona have signed David Villa for £34.2 million and are closing on the signature of Cesc Fabregas for a similar sum, a report by the University of Barcelona has revealed that La Liga's debts are at an all-time high.
he study, carried out by professor Jose Maria Gay, suggests that debt has risen in accounts for the 2008-09 season and now stands at €3.53 billion (£3.03 billion).
Giants Real Madrid and Barcelona, along with relegated Numancia, were the only clubs to make an operating profit, and the study also revealed that 85% of clubs' debt comes from player wages.
The financial situation in Spain was highlighted further on Wednesday as Real Mallorca - who finished 5th in the league - filed for voluntary administration having failed to find a buyer to take on their €85 million debt.
No comments:
Post a Comment