The headline on Tuesday's Marca front page could barely have made it any clearer. WITHOUT FUNDS. Barcelona are, for want of a better word, absolutely skint. There's nothing there. Just a husk where their finances used to be.
New financial reports show that Barca's debt stands a staggering £1.1billion. Rampant overspending and poor financial management which had put them in such a weak position before Covid hit. Barca posted a post-tax loss of £88million for the 2019/20 season, with the slashing of wages unable to save them from huge overall debts of £433million.
The new figures have swelled those numbers even further, with £648million of that £1.1billion figure due to be paid back soon, 'urgently' say some sources. The banks also want £236million by the end of June. Also coming by the end of June should be the first of Barca's two 2021 wage payouts, as they follow their usual model of paying the squad six months' worth of wages twice a year.
Except they haven't paid all of December 2020's money yet, with that shortfall expected to be made up next month. Although just how they do that is anyone's guess. La Liga aren't happy with the wages either, as Barca are currently spending some 74 per cent of their revenue on the current playing squad, above the league's mandated 70 per cent.
Transfer spending that gets very close to £1billion in five years is a major part of the problem, with Barca left owing money to several clubs across Europe and the world through staggered payments. Liverpool, Ajax and Bordeaux are three of those clubs, with all three expecting payments by June 30. Although reports on this vary, the Reds are still owed something between £25million and £35million from the sale of Philippe Coutinho to Barcelona in January 2018.
Absolutely. Chelski was (very) slightly less repellent but this final was very much a devil-or-deep-blue-sea scenario for me.Either outcome would have been awful
The Premiership is probably the toughest league, but it doesn't produce the best football, it's not conducive to it.Messi is by some distance the greatest footballer of any description I've ever seen. Whether or not he's played in the EPL is completely irrelevant. He has nothing to prove to anyone, anywhere.
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