European football clubs in trouble

Dear editor,We are used to hearing financial troubles in our local football clubs, but I can assure you that even the so-called big clubs in Europe are not immune.

Friday, October 10, 2008

Dear editor,
We are used to hearing financial troubles in our local football clubs, but I can assure you that even the so-called big clubs in Europe are not immune.

The big four clubs in England, are actually in big debts and there is a threat that they would be banned, if they do not pay in time.

Recently, UEFA general secretary David Taylor revealed that European football’s governing body would aim to find fresh ways to address the number of clubs, who are succeeding on borrowed money.

Can you imagine that they are big defaulters, yet we think they are far better of than we are?

Though some clubs like Chelsea have brushed it off as a joke, insisting that their financial well-being is assured under Roman, there is no debt that is ever easy to pay.

NYAMIRAMBO