Real Mallorca is the latest club to apply for the Spanish form of bankruptcy administration, but their troubles are the latest symptom of the problems affecting La Liga clubs outside the big two. Even Real Madrid have faced financial challenges not so long ago, but their clout is such that they were able to find a route out of them.
Real Mallorca is the latest club to apply for the Spanish form of bankruptcy administration, but their troubles are the latest symptom of the problems affecting La Liga clubs outside the big two. Even Real Madrid have faced financial challenges not so long ago, but their clout is such that they were able to find a route out of them.
However, the Spanish economy, already bedevilled by structural challenges, is having to take austerity measures as part of the eurozone crisis. These are likely to have some knock on effect on the private sector (the important construction industry is already in trouble) and hence on football.
La Liga is undoubtedly the best competition in Europe apart from the Premier League and Spain have a good chance of doing well in the World Cup. However, it is wake up time for La Liga clubs. The good days are over.