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Barca, Madrid prosper but Spanish league falters

Barca, Madrid prosper but Spanish league falters

One year after Spain celebrated its greatest success on the football field, the domestic league is in disarray with debt, poor management and bankruptcy running rife.
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 on Aug. 21.
The Associated Press spoke with several club directors, financial experts and football figures and they agreed that exaggerated transfer fees, inflated players salaries, ego-driven owners with little fiscal responsibility and a clear divide in the distribution of television money have combined to create the problem.


Updated : 2021-08-05 07:46 GMT+08:00