Have you tried Basel in Switzerland? I've played as them in every version of FM and always enjoyed it, you can't attract the best players but you can get in good youngsters and watch them tear apart the Swiss league as they all come through the ranks together.
Shakhtar in the Ukraine are a very wealthy club with a really good squad to start with aswell.
Rosenborg are a good team to manage in the Norwegian League. They dominated the domestic game for years but have fallen from grace recently, they've got a few good core players (captain Roar Strand is awesome) who the team could be re-built around to try and take them back to the top.
Also Red Bull Salzburg in Austria, I've just started a game with them. £8.25 million to start with and they already have a US feeder club.
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