DubaiSpur
Ian Walker
No it isn't. Liverpool, utd, arsenal, madrid, barca, juventus... all self financing.
I hate the parismonious way we're run, but to be fair, Madrid and Barca are far, far, far from self-financing. Madrid has the city government in their pocket, which is why they could reclassify the old training ground they had and sell it off for an utterly ludicrously inflated 290m pounds in 1998, which instantly wiped out their 177m pound debt at the time. They were investigated by the EU for that deal being basically one big state subsidy to Real Madrid.
Barca...well, you've seen how they've been run. They can basically take out loan upon loan forever because of their name and history, although at the moment, they seem to be flailing a bit to get La Liga to bend the rules for them.
The biggest clubs in Spain have political influence that basically makes them too big to fail. Barca, Madrid and Atleti.