The following teams in CM 01/02 have large bank balances and enough talent to succeed if managed well. If you're new to the game, you can't go wrong with these teams.
Argentina - Boca, River
Belgium - Anderlecht, Club Brugge
Brazil - At. Paranaense, Flamengo, São Paulo
Denmark - Brøndby, FC København
England - Arsenal, Blackburn, Leeds, Liverpool, Man Utd
France - Bordeaux, Lyon, Monaco
Germany - Dortmund, FC Bayern, Hertha BSC, Leverkusen
Greece - Olympiakos, PAO
Holland - Ajax, PSV
Italy - Inter, Juventus, Lazio, Milan, Parma, Roma
Norway - Rosenborg
Portugal - Benfica, Porto, Sporting
Russia - CSKA, Lokomotiv Moscow, Spartak Moscow
Scotland - Celtic, Rangers
Spain - Athletic Bilbao, Barcelona, Celta, Deportivo, Mallorca, Real Madrid, Valencia
Sweden - AIK
Turkey - Besiktas, Fenerbahçe, Galatasaray