I generally won’t talk about La Liga too terribly much. I don’t watch the league, and there aren’t exactly any Americans to keep tabs on either, but this story is hard to ignore. FC Barcelona is $716 million in debt.
Yes, that Barcelona.
Even worse, despite taking out a loan of $200 million last month, they continue to spend a ridiculous amount of money on transfers, dropping over $50 million on Spanish forward David Villa alone, and they still might be shopping.
Considering how popular and successful the club is, it’s even harder to imagine how they lost $100 million last season.