This is a bad story, I'm very sorry, but hadn't they won the Europa League? How come they got reduced with all these debts? I always say that modern football is too tied to money, that players get too much money and that they are sold for exaggerated prices
Most of the clubs in La Liga are in debt and I believe that this probably is the same for almost any club in any league...
But when you search for the details, their debt seems to be relatively low. It says that they have 90m euros in debt, which I think should still be manageable for them.
Winning trophies doesn't really change that much I think. If you consider the salaries that are being paid to top players, it is almost as if they could pay two or three of their best players with the revenue they made from winning the Europa League. It is a great example that shows how weird everything is when a club can't even ay the players with the money they get from winning trophies.
I disagree with you that winning trophies counts for nothing. When you win trophies there are sponsors, there are dividends on ratings. It is no coincidence that the teams fight each other to be able to reach the Champions League, because this brings a lot of money.
On the other hand, you are absolutely right about the fact that they are all in debt, this type of football is too dependent on too many and too much money. Not good in my opinion.