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Economist: Real May be Forced to Become a PLC

  • AS, Thursday, October 10, 2013 12:35 PM

In an interview with AS, soccer economist Jose Maria Gay de Liebana opines about Real Madrid’s massive debt load, which he calculates to be about 541 million euros ($731.3 million). He claims that the club currently operates on a negative working balance of 100 million euros ($135.2 million). He surmises that if the club’s debt load keeps growing, it will become impossible for it to remain in the hands of its members, meaning it would have to become a PLC.  

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