#10. Rapid Bucharest
One of the top Football Clubs from Romania, Rapid Bucharest were declared bankrupt by a Romanian Court in 2016. Having lifted the Romanian Champion on three occasions, the club was in debt of no less than 4 Million Euros before it filed for liquidation back in 2012. While half of this debt belonged to unpaid taxes, the Club was eventually declared bankrupt by a top Romanian Court last summer. Remember Rapid reached the UEFA Champions League Quarter Finals back in 2006 before they got knocked out by Steua. So having lifted the Romanian Cup on 13 different occasions, it was a big surprise to everyone when such a top club was declared bankrupt.