I don't know where that quote comes from
@Chesterimp - considering practically all football clubs exist as technically insolvent, but up to the Covid outbreak Real Madrid - due to it's gargantuan size and had made year-on-year profits.
As at the end of the 2018-19 season they actually had net funds, not net debt. They have, however spent £500m renovating their stadium.
Over two seasons Covid will have cost them 400m euros in lost revenue.
Now, I shed no tears for them, but I don't know why some of these myths get aired
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