again, the problem is that in those european clubs, they dont have a single owner but people around the globe owning part of it, so you cant really tell how much money they have, but they have been making good profit for years, and you are right, some of them are going into debt like real madrid, but that is bc of the competition with epl, clubs didnt use to spend as much money as they do now, but the global market is getting more competitive sp when epl started going more global aggresively marketing the asian market.
for example, real madrid bought ronaldo and kaka, and everybody think they got themselves in "debt" but guess who is backing them up? the bank of santander and the king and queen of spain... not investor would just throw money to them if they knew they not gone get it back.
success along with a good back up is what made the ronaldo-kaka deal, madrid can do that, "sell" success, while others are trying to "buy" it like manCity.
barcelona had the best player in the world in the last decades... they had cruiff, stoickot, haghi, maradona, romario, ronaldo, ronaldinho and messi. along with succes they have been making a lot of money.
bayern has always been a very stable team and the german league is prob the most stable of all, they have great stadiums and they dont go around spending crazy fees on big stars, german stadiums are always packed.
