'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
European governments are not the only ones with major debt problems: Top European soccer clubs lost more than euro1.6 billion ($2 billion) in 2010 and their debts are still rising despite facing new sanctions soon for overspending.
The Bundesliga's 36 clubs in Germany's first and second divisions posted a combined loss last season for the first time since 2003 despite record revenue.
Bayern Munich's struggles this season benefit the Bundesliga as a whole, in the view of the league's chief executive officer.
"We are proud to have two teams in the final but it doesn't mean we have 18 teams on the level. For 10 years the discussion has been why we have no chance to win the Champions League," he said this week.
"You can't say `Wow, look what we have achieved.'