They are
The debt really isn't as much of an issue as people thing. Every large company in the world operates with a large debt/credit line.
Gambling on winning big trophies like the champions league that will boost their revenue to a level where they can afford the wages again with La liga rules.they aren't doing either of those things. They are spaffing their credit on a new merc in the garage and the latest 60inch QLED TV. And then saying they are going to buy a pony for the kids and a new speedboat.
The sooner that house of straw collapses the better for football.
The debt really isn't as much of an issue as people thing. Every large company in the world operates with a large debt/credit line.