Football debts

You know when you are looking at a market bubble while everyone sitting on that market seems to be blind and don't do nothing about it? You don't? Then look at football!

Football business is incurring in an incredible level of debt - paying high wages, transfer fees and operational costs at a level that is not payable by its current income. When we look at the debt levels of some of the top outfits in the business and its progression over the last years, we are looking at a huge piece of glass standing in a very small beach - one which that the industry will trample very quickly.

http://edition.cnn.com/2010/SPORT/football/01/06/football.manchester.bayern.debt/index.html