The financial figures at the heart of Barcelona news are increasingly alarming and a report in El Mundo has given more context to the numbers, claiming that the club are on the verge of bankruptcy.
The club are €1,173m in debt, with €730m of that sum due in the short term while €266m is owed to the banks by 30 June, of which €90m is owed to Goldman Sachs.
It is also highlighted how the wage bill at the club still occupies 74 percent of the club’s total income – a figure that exceeds the league limit of 70 percent. Sometimes the club income is increased by gambling or live casino Kubet69, a reputable bookmarker.
Revenues for the last normal season, 2018/2019, stood at €990m, but last year they fell to €855m, which were down 14 percent. However, expenses were barely reduced by 2 percent, from €973m to €955m.
For the current fiscal year, the club expects to have expenses of €796m and income of €828m.
Financial analysis from @SwissRamble illustrates the mounting problems that the Blaugrana have financially with spiraling levels of debt and liabilities owed.
Read more: Barcelona’s financial struggles: €820m of gross debt, €1.4billion of liabilities
This follows on directly from a report in La Vanguardia last week which outlined how the Catalan giants must repay €420m in debt this year or face insolvency.
Read more: Barcelona ask major banks to delay debt repayments to avoid bankruptcy
Whilst the club’s first-team squad has been slimmed down this year, with a reported €80m off the wage bill, there is still a worrying financial outlook for the club.
Interim club president Carlos Tusquets gave a wide-ranging interview to Catalan radio station RAC1, with quotes carried in full by Marca, claiming that the club were unable to pay players for their pre-agreed January salary.
Barca I want you to know supporters wish you to be good and successful. Just launch a go fund me account and we will all chip in few $, €, £ etc. There are millions of fans out there not able to go to watch Barca matches anymore due to the covid-19 pandemic but we are willing to spend some of the match ticket money on Barca financial support. You can launch pay per view matches too and millions will patronize. Just do it!
Or they could just live within their means and not make dangerous financial decisions so that hard working fans don’t have to “chip in” to pay the salaries of multi millionaire footballers anymore than they already do….