Valencia crisis highlights Spanish financial flaw

The business model that Valencia and most of its peers use is clearly flawed and needs a radical overhaul involving compulsory financial controls before Spanish football bankrupts itself, analysts said.

In common with many club's in Spain's top two divisions that lack the vast earning power of Real Madrid and Barcelona, Valencia has been living beyond its means, racking up debt of more than 400 million euros ($505.7 million).

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