It's not exactly true. They have to prove they have a positive balance (in a span of x years) but they are allowed to have debts.
Of course! What I wanted to write : "They need a good balance sheet and a good P&L".
Every company has debts when it establishes its balance sheet.
If the company's equity is negative, no bank will allow a loan and it will risk a bankruptcy...
But that'a accounting matters I don't want to debate here because it makes me feel at work.
My team is in this case at this moment. That why Hendriks is for sale.
what is very difficult for the Barca
If the banks didn't continue to support it, it would be in bankruptcy.