The National football league in the United States can’t compare to the financial debt in European Futbol leagues. This article covers mismanagement in European futbol club teams and an economic collapse among European soccer clubs. An example in this article was based on Spain’s top soccer club Real Madrid. Both the teams find themselves broke and in huge debt. Real Madrid is responsible for the two most expensive transfers ever in 2009, bringing in Kaka for $86 million and Cristiano Ronaldo for $123 million. And it was broke when setting the previous transfer records, buying Luis Figo for $57 million in 2000 and Zinedine Zidane for $71 million in 2001. To confiscate for this money spending addiction for the tops players in the world, Real Madrid sold a huge downtown training complex to the city of Madrid for $445 million dollars. This is despite the fact that they make an estimated $500 million annually from endorsements and TV time, yet the team debt is $414 million, according to the club's 2008-09 financial report. This is clear example that club teams must global market their team logo and players to make up for their debt. Sometimes the economy will financially suffer, yet sports club still find the means to pay millions to men that chase a ball.
Juan Valencia
Kin 332I Sec.3017
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