It´s worth saying that only four clubs( Osasuna, At.Bilbao, Real and Barcelona) have boards elections, the first two beacuse they were the only debt-free clubs when the rest turned to plc companies, the two ugly sisters because they were allowed to remain that way, even if at that moment, start of 90´s, they were already deep in debts.
Now, all 42 full professional clubs, including those four, have a combined tax debt of around 700M euros, twenty of them are( or have been) in something similar to administration, where by the way you don´t get any point deduction that leads to relegation. That, according to experts, should enhance the club financial survival. Boards, plc or not plc, waste millions of public money from councils and regional governments. That is not sustainable, that is careless.
Osasuna have asked the local government for a credit to pay their debt, repayable in 75 years and they have been answered a clear NOT. Bilbao have a estimated debt of 50M euros but at least they still play with players 100% Basque or from their youth set-up. No need to talk about the financial situation of the two giants of Spanish football.
The only sustainable system, and this also applies for Thistle and Scottish football, is spending as much money as your income suggests and working your youth system with good coaches.
Onto Rayo, they are the greatest working class club in this country, they are a great little club receiving far less help from governments than Getafe and Atletico, let alone Real Madrid.
But they are from a "town" inside Madrid with a population of more than 1 million, a fifth of the total from the province and that´s where their greatest asset comes, their fans.
PS: back in Scotland this weekend. Hoping to catch the game at Falkirk although, judging by comments by fans here, I´d better stay in a Glasgow pub.