In today's big money world where cash is most certainly king, football has transformed into a business. Gone are the days of the small business owner or individual who is responsible for a number of different items both on and off the pitch. In the days of yesteryear, owners were performing a host of roles for their sides.
The further the club in the footballing pecking order, the more someone undertook from painting the stands to being the club announcer. Fast forward to today's situation and football is an altogether different game. Wealth has superseded the game where several influential owners rule the roost. Take for example Paris Saint Germain who were only found in the 1970s. They are currently owned by a powerful Qatari based investment group who have now pumped millions of Euros into the Parisian club.
In addition, one only has to take a sneaky peak across the pond where rich businessmen have been buying up Premier League clubs like streets on a Monopoly board. Roman Abrahamovich at Chelsea is a prime candidate who has injected more than $1 billion into Chelsea. On the other hand, the Abu Dhabi Group have done exactly the same at Manchester City. Furthermore, they have also launched a brand new state of the art training complex recently which cost a mind blowing $400 million to set up. With Financial Fair Play looming on the horizon for many sides, it could lead to catastrophic circumstances in the stands and on the turf.
Several top sides have disappeared from the soccer limelight after fiscal meltdowns that have seen them slide down the leagues. Whether it is a case of a lack of financial clout from the powers that be or not enough money coming through the tills, some teams have been hit in their back pocket. Here is the rundown of the top 15 clubs that went bankrupt.
11 Maidstone United
10 Chester City
9 Kettering Town
7 Coventry City
4 Glasgow Rangers
2 Leeds United
A recent fiasco has taken place at Serie A side Parma who face being wound up. With debts to the tune of approximately $105 million, the former runners up have been put up for sale. Offers in the region of $25 are being considered but this financial farce is hard for many of their fans to stomach. The majority of their players have not been paid for the entire season, whilst they have even had to wash their own kit and drive the team bus.
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