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Atlético Madrid Reduces Debt To Spanish Tax Authorities By $151M Since '13

Two years ago, Atlético Madrid's debt to the Spanish tax authorities stood at €215M, according to Manuel Esteban of AS. Currently, the club's debt to Spanish tax authorities is €80M ($90M). Under Manager Diego Simeone, the team's presence in the Champions League has generated €50M-€60M annually for three years, "which has allowed the club to reduce its debt." Perhaps "most important is that Atlético will be able to end the annual habit of trading its best players during the summer" to save money (AS, 5/5).

SBJ Morning Buzzcast: April 26, 2024

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TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

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