An interesting blog posting from Mihir Bose of the BBC - 'Stately Perez defends big spending: http://www.bbc.co.uk/blogs/thereporters/mihirbose/2009/07/stately_perez_defends_bigspend.html
More coverage of the story will follow on tonight's BBC 10pm news programme.
In the light of this coverage, some questions: 1) Can football at the top-level, and football clubs like Real Madrid, sustain themselves in the long-term with such levels of debt, and should we care? 2) To what extent is Real Madrid a football club, or is it now a global entertainment business? 3) Are players really like machines in a factory, or is this a completely erroneous analogy, and a damning indictment of what football has become? 4) Will Real Madrid be able to renegotiate commercial deals e.g. with sponsors, to fund their expenditure programme? 5) Is the business model in place at Real the most appropriate one, can it work, is it sustainable?
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