The document analyzes the financial health of Spanish professional football clubs by examining their financial statements from 2000 and 2005. It finds that the financial information provided by the clubs is poor, with only 5 clubs having positive auditing reports. Over half of the clubs had negative equity in 2005. The median profit for first division clubs in 2005 was €58,665, while second division clubs had a median loss of €-395,445.5. Wage costs increase exponentially for clubs competing for higher league positions. The conclusion is that the financial situation of Spanish football is deteriorating and becoming dangerous, and salary caps may be needed for clubs to remain viable.