[Football] Barcelona's Finances!

[southstandandy]

Just reading the Beeb website and reviewing the Barcelona President's conference from today,

"Barcelona president Joan Laporta has revealed the Spanish club is 1.35bn euros (£1.15bn) in debt, describing the situation as "very worrying".
The club's wage bill currently accounts for 103% of total income.
Laporta blames predecessor Josep Maria Bartomeu for the debt, accusing him of leaving a "terrible inheritance".
Extending Lionel Messi's contract would have made the wage bill accountable for 110% of revenue, which La Liga refused to accept.

"Our salaries represent 103% of the club's total income, that's 20-25% more than our competitors," said Laporta, now in his second term as president after winning March's election.
"The first thing we had to do when we arrived was to ask for a loan of 80m euros because, otherwise, we could not pay the salaries. The previous regime was full of lies.
"Barcelona has a negative net worth of 451m euros - it is a terrible inheritance. What has been happening is very worrying."

Blimey. And I thought our loss of £67m from the season before last was a fair wedge.

Should we pass the hat around?

 

[Clive Walker]

Pardon my ignorance but given the ownership structure of Barcelona I can’t see how they can get out of this mess? It’s not like they would sell to a Middle Eastern consortium or would this be considered?

 

[KZNSeagull]

Cut the players salaries then. If they leave, play the kids. Don't bleat about it, do something about it.

Clowns.

 

[AmexRuislip]

[tweet]1427233658910371840[/tweet]

Their partners spending money at will.....

 

[Tony Towner's Fridge]

What Barca and Real M used to do was to buy say a few hectares of City land off the council for 1million Euros then sell it back for 100million Euros, to get over the debt imbalance. I presume those days of 'faux accounting' are no longer allowed in a post Covid Spain. Hell mend them I say.


TNBA

TTF

 

[AmexRuislip]

https://www.newstalk.com/podcasts/t...d-financial-mismanagement-with-kieran-maguire

This is a really good listen for all you dullards out there

 

[Justice]

Cut the players salaries then. If they leave, play the kids. Don't bleat about it, do something about it.

Clowns.

They will have contracts you can’t just cut them.

 

[el punal]

Cut the players salaries then. If they leave, play the kids. Don't bleat about it, do something about it.

Clowns.

They’re still in the European Super League so they should be okay . . . .

 

[bluenitsuj]

I could not give a **** about them

 

[Harry Wilson's tackle]

I don't normally like to see a club go to the wall, but.....

Anyway, a phoenix will rise like Rangers did from the ashes, but a few seasons battling back from Tercera División, with matches on fields in front of a dozen gauchos will focus their minds I'd pay good money to see them play Calalonian minnows, Associació Esportiva Prat.

 

[deletebeepbeepbeep]

Barcelona after years of tapping up players with absurd contracts and bullying the league into shitty things like the lopsided TV deal, have become undone by the very problem they created.

The best thing they could do is sell off any players they can and accept a few seasons of (relative) mediocity whilst some of the more ludicrous contracts they agreed to run out. Only trouble with that is it will probably result in loss of commercial revenue making their situation temporarily worse.

 

[Swansman]

Its sad.

No set of fans deserve to have crooked people in charge destryoing their football club.

Will be interesting to see what Laporta does about it. The club had shitty finances last time he took over as well and he kind of solved it. Worse now though.

 

[nwgull]

Should’ve sold some of their assets before their contracts expired then, shouldn’t they? I’m sure they could’ve got a few quid for Messi this time last year, never mind a season earlier.

 

[vegster]

What Barca and Real M used to do was to buy say a few hectares of City land off the council for 1million Euros then sell it back for 100million Euros, to get over the debt imbalance. I presume those days of 'faux accounting' are no longer allowed in a post Covid Spain. Hell mend them I say.


TNBA

TTF

I heard that they also used to borrow from banks and default on paying it back. The banks were afraid that if they called in the debt and publicised it millions of Real and Barca supporters would close their accounts.

 

[father_and_son]

It is very difficult to muster and sympathy for a club so badly mismanaged financially for so long. None of this was a surprise. None of it was done in secret. Been living beyond their means for years.

 

[raymondo]

#prayforBarcelona

 

[Stat Brother]

I remember Joan's first stint as president, Barca were positively frugal and kept the wages down to 72% of income....






.... NOT.

 

[Green Cross Code Man]

Its sad.

Yeah I really feel sorry for those fans who have witnessed their club cheat their way to multiple league, cup and European Cup triumphs. How they have suffered.

 

[bhafc99]

Perhaps they should create a new league…

Oh.

 

[Hampster Gull]

They need state ownership, like Qatar have with £££City. I think the Taliban 2.0 could do with an image uplift