Real Madrid have a reputation for big-money signings.
Real Madrid have a reputation for big-money signings..

Top 10: Clubs with the most debt in world football (7)

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5. Real Madrid

Total debt: $165million

By far and away the world's most valuable football club, with Forbes ranking Real Madrid at $3.3billion, it's no surprise to see them high on the debt-ridden list, given their reputation for paying big-money to bring big players to the Santiago Bernabeu.

The Spanish giants have broken the world-record transfer fee on four separate occasions, most recently last summer with the acquisition of Gareth Bale from Tottenham Hotspur.

Some critics have questioned the accuracy of Real Madrid's released accounts, suggesting that their debts are in fact much higher, but even so it is unlikely to account for much more than five per cent of the club's total value.

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