Real Madrid $483 Million In Debt
September 22, 2009 by Jyle Dupuis
Filed under News
The Real Madrid CF soccer club has revealed their financial records showing record breaking debts. The Spanish club showed that they are at least €327 million in debt ($443 million US) after going on a spending spree with new star players like Cristiano Ronaldo, Kaka, Karim Benzema and Raul Albiol.
The four star players have a newly combined salary of €217 million ($324 million US), making up a huge portion of the debt. The spending spree came just after Florentino Perez became the new president of Real Madrid. Like a true businessman Perez defended the spending on the grounds that you have to spend money to make money, and he believes that his new team can make more money now than ever. Well good luck with that Real Madrid. Though wouldn’t it be embarrassing if they didn’t win any championships? Sometimes putting together a ‘dream team’ is counter productive as they all try to hog the spotlight rather than work as a team.
Image: Newscom
