article_snippet.sent: a top French club have lost on average just over £5m per year over the past four years, more than doubling a top French club debt burden in that period.
article_snippet.sent: Annual accounts for 2013-14 show the club’s parent company carry no legal obligation to service the debt, meaning the club’s parent company could technically walk away at any time and leave a top French club insolvent.
article_snippet.sent: ‘a top French club are in an investment phase and, given the strength of the shareholding base, this is something a top French club can manage.