While Barcelona and Real Madrid do not officially belong in the category of the aforementioned upstarts due to the fact that they are still technically member owned clubs governed by a constitution, with a democratically elected leadership, they do represent a new type of stacked deck duopoly that has seen them spend upwards of 180 million euros this past transfer window on just two players. All of this within an economy that rests at the very core of Europe’s sovereign debt crises, with unemployment rates of over 26 percent. According to a 2012 New York Times, over half the clubs competing in Spain’s top two flights have entered bankruptcy proceedings in order to seek protection from their creditors.

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