Last years their debt load has kept increasing further rather than decreased thanks to their stadium adventures, and paying some of their taxes is not a voluntary contribution.
Yeah, and the stadium is the added debt, not investing in the squad. I wasn't lumping the stadium in.
Yet the taxes were still back taxes in part that they owed.
Gil and Cerezo still hold more than a half of the shares and thus control the club, selling a minority stake to China and Israel doesn't make their activity any less fraudulent.
Hence multiple owners. And neither Gil nor Cerezo hold more than half of the shares. Gil holds half the shares and Cerezo 16% of the shares.
Their debt has went up from 514 million in 2011 as Simeone started to 585 million today. What they are doing is going all in on growth and hoping that it will somehow offset the numbers in red at some point. Growth that relies on avoiding expensive troubles like their stadium debacle or dropping out of the Champions League early.
Again, because of the stadium, which is part of the growth strategy. 514 million in debt before you build a stadium and then 585 million in debt after should be a clear sign they reduced the debt in the interim unless you actually think the Wanda only cost 71 million. Their revenue was already climbing before the stadium too. Of course things could go wrong and they could get into trouble, but that doesn't look the case at the moment. As I've already said, they were in bad shape before 2011 and look at what they've accomplished since then.