SPANISH 1ºST DIVISION CLUBS ACCUMULATE A 2,086 M€ DEBT

Here is another interesting study that comes to SFS attention via “FutebolFinance”.According to the “Diario de Mallorca”, the Spanish 1º Division Clubs havea combined debt of 2,086M€. The bulk of the debt is due to owed tax payments(627M€) & Social Security payments still to be transferred. Only three teamsare debt free: Sevilla FC, Almeria & Recreativo de Huelva.The current economic crisis is