Despite the news that Barcelona have signed David Villa for £34.2 million and are closing on the signature of Cesc Fabregas for a similar sum, a report by the University of Barcelona has revealed that La Liga's debts are at an all-time high.

The study, carried out by professor Jose Maria Gay, suggests that debt has risen in accounts for the 2008-09 season and now stands at €3.53 billion (£3.03 billion).

Giants Real Madrid and Barcelona, along with relegated Numancia, were ...

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