Sunday, May 20, 2018
Feature: Page (1) of 1 - 07/11/11 Email this story to a friend. email article Print this page (Article printing at page facebook
Barca, Madrid prosper but Spanish league falters
Spanish soccer prospers with Barcelona and Madrid but league is crippled by debt, bankruptcy
By The Associated Press

MADRID (AP) ' One year after Spain celebrated its World Cup triumph, its national soccer league is beset by debt, mismanagement and bankruptcies.

Twenty-two Spanish league clubs have gone into bankruptcy protection since lower-league team Las Palmas started the trend in 2004. On Friday, Racing Santander became the sixth insolvent club in this season's 20-team top division, which opens Aug. 21.

The Associated Press spoke with several club directors, financial experts and soccer figures. They agreed on a number of factors that have led to this trouble: large transfer fees, inflated players salaries, ego-driven owners with little fiscal responsibility and a clear divide in the distribution of television money.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines