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Isn't debt versus value of players under contract important by SixShutouts66

Obviously the big teams aren't going to dump all their players, but some of the debt is due to purchases of stars who still have value in the transfer market.

Also I wonder how the debt levels are with lower division clubs which don't have owners with deep pockets or highly valuable players. I think the UK has had some issues with clubs going into receivership (and losing points which makes promotion hader and being relegated more of a threat).