Top 10 clubs in Europe by net debt

NYON, SWITZERLAND - JULY 18:  The UEFA logo is seen on the UEFA Champions League trophy as it is prepared for the UEFA 2014/15 Champions League third qualifying rounds draw at the UEFA headquarters, The House of European Football, on July 18, 2014 in Nyon, Switzerland.  (Photo by Harold Cunningham/Getty Images for UEFA)
UEFA released the Club Licensing Benchmarking Report for the financial year 2015.

#8 Galatasaray SK, €222 million

Galatasaray could not take part in this season’s Europa League despite earning a spot via a Turkish Cup victory

The most successful team in Turkish football has been on a downward spiral financially in recent seasons with the biggest blow coming in the form of a one-year ban from European competitions by UEFA for failing to comply with Financial Fair Play (FFP) rules.

Although the ban is for one year, this adds a bad image of the club in the international arena.

While they have managed to stay within the €65 million threshold for transfers in the previous transfer window to prevent an additional one-year ban, the Turkish powerhouse needs to get things in order off the pitch to improve results on the pitch in the long-term.

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