The Truth About Debt At Barcelona And Real Madrid
There appears to be much confusion regarding the supposed debt culminated by Spanish giants Barcelona and Real Madrid, with conflicting reports suggesting both clubs are being hit with heavy financial losses.
In his Sunday column for Daily Mail, Sky Sports pundit Gary Neville stated: ‘La Liga clubs owe £625million to the taxman, with Europa League quarter-finalists Atletico Madrid alone owing £129m. And five La Liga clubs have been in administration this season.’ This was quickly rubbished by Spanish journalist Gulliume Balague, who disagreed with these figures.
So what is the score? Is La Liga actually in debt?
Popular sports blogging site The Swiss Ramble explain the finances in thorough detail.
A great read for those interested. Check it out here…
