Atletico Madrid

[Superphil]

There was a good analysis of this done a couple of years ago by swissramble. When the debts were compared like-for-like both Barcelona and Real Madrid had an almost identical level of debt to Arsenal (around £100m each). Manchester United's debt was four times that.

The report I read this morning differed to that, as indeed do most reports, perhaps things have changed in the last couple of years. Seeing as Barcelona are owned by the fans, it makes you wonder how they are allowed to run up any debt, let alone hundreds of millions. United are owned by a business, who manage their debt, and who have securities against the debt.

 

[gordonchas]

The report I read this morning differed to that, as indeed do most reports, perhaps things have changed in the last couple of years. Seeing as Barcelona are owned by the fans, it makes you wonder how they are allowed to run up any debt, let alone hundreds of millions. United are owned by a business, who manage their debt, and who have securities against the debt.

Any institution that has assets can borrow. Both Real Madrid and Barcelona have annual income of half a billion euros a year and over 100,000 members each. What's more Real Madrid has made, on average, 30 million euros profit in each of the last 10 seasons.

Maybe you could link the report you have seen?

 

[Superphil]

Out for the day now, not having luck finding the link on the phone, will look back at history at home later