Barcelona’s biggest problem continues to be its debt load. The club’s financial net debt at the end of March, when new management took over, was 673 million euros ($792 million). The adjusted provisional debt’s now above 1 billion euros, including the payment of players’ salaries deferred during the pandemic.
Why are Barcelona in trouble?
Things may still get worse before they get better. Last month Laporta announced Barcelona’s debts amounted to €1.35bn (£1.16bn), partly accrued from years of lavish spending under Bartomeu, partly due to the pandemic, and partly down to the cost of keeping Lionel Messi at the Nou Camp throughout most of his career.
How broke is Barcelona?
The club had debts and obligations totaling $1.56 billion when Laporta succeeded Josep Maria Bartomeu in March, Reverter said. The club’s payroll rose 61% from 2016 to 2020 under Bartomeu. The pandemic caused Barca $124.9 million in losses, according to Reverter — only 8% of the financial hole the team was in.
How much is Barca in debt?
FC Barcelona is in $1.57 billion in debt, and is seeking to sell a $58.1 million stake in its media venture, Barca Studios. Team president John Laporta said the team can get its finances in order in 18 months.
Why do Barca have no money?
Barca recently confirmed losses for the 2020-21 season of €481m. … Sources told ESPN that was down to president Joan Laporta, who was elected in March, writing off several assets as part of last year’s accounts, including amortisation payments due on certain players, to help the club return a profit this season.
Is Juventus in debt?
The precarious economic situation at Juventus has been well documented in recent months and the club’s financial report for the 2020/21 season has laid bare the problems. … Juve also saw their club debt increase by £3.4m from the previous year, now standing at a total of £332m.
Who owns Barcelona?
The club is owned by its club members
The FC Barcelona is one of the few clubs in the world to be owned by the club members themselves. Together these members form the governing body of the club and in 2016 there were an estimated 140,000 socis or members in Catalan.
Are Barcelona in debt?
Ok, so what was Barcelona’s financial position? The Covid-hit season of 2020-21 saw the Catalan giants post losses of a staggering £404m, due to a huge wage bill and more than an entire season without crowds. That meant a gross debt of around £1.2bn.
What is Messi weekly salary?
Lionel Messi (Paris Saint-Germain – 1,325,000 dollars per week.
Why did Messi leave Barca?
According to Elias, the club’s wage bill hindered Barcelona’s position to sign Messi to a new contract. Another factor that led to the Argentine’s departure was having the money to meet his hefty wage bill, with Barcelona planning to pay him in instalments.
Is PSG a debt?
#PSG have no external debt, but the shareholder loan from QSI increased by €50m to €197m in 2020.
Is Messi hurt?
In the latest injury update issued by PSG, Messi was not included in the squad to face Bordeaux in order to continue “his treatment … for knee and hamstring pains.” This is consistent with the information released by PSG before the Champions League match that “Leo Messi has discomfort in his left hamstring and pain …
Why is Barcelona poor?
Throw in what the club owes in wages, which according to reports accounts for 74% of Barcelona’s financial budget and the debt keeps on mounting. Barcelona has been reported of having a 12-month debt that will take the losses to €731 million, making their short-term debt the most in European soccer.
Who finances Barcelona?
Barcelona’s financial woes are well documented but it’s achievable thanks to a £508m (yes, you read that correctly) loan they have secured from Goldman Sachs. This gargantuan fee is to be paid off over 35 years, with a five-year grace period too to help restructure their finances.