Barcelona 'beg banks to delay huge repayments of £178m amid fears club could go BANKRUPT'
3 years, 11 months ago

Barcelona 'beg banks to delay huge repayments of £178m amid fears club could go BANKRUPT'

Daily Mail  

Barcelona have reportedly asked a host of major banks to delay debt repayments so that the club can avoid insolvency, in an alarming development for the club's supporters. Barcelona have asked a host of banks to delay the repayment of £178million debt owed Barcelona announced during the 2019-20 season that it expected to be the first club to break the £1bn barrier for income in a single year in football, however that figure was blown off course by the coronavirus pandemic. The club's debts have doubled in the space of 12 months with insolvency feared by chiefs The wages of Barcelona's star-studded squad are said to take up to 70 per cent of the budget There has been considerable turmoil at the club since last summer, in which Lionel Messi's feud with Josep Bartomeu exploded into the public domain with the Argentine looking to force his way out of the club. Bartomeu has since resigned as president, and interim president Carlos Tusquets revealed to Catalonian radio station RAC1 that the club have failed to pay players for their pre-agreed January salary.

Barcelona Club President 12 Months Debt Repayments Delay Debt Delay Debt Repayments  banks  wages  club  fears  bankrupt  clubs  huge  beg  12  space  amid  debts  president  barcelona  delay  debt  repayments  squad  tusquets

History of this topic

Barcelona can’t afford players like Mbappe, Haaland, says Xavi
1 year ago

Barcelona can’t afford players like Mbappe, Haaland, says Xavi

The Hindu  

Barcelona can no longer afford to shell out huge sums in transfer fees for top players like Erling Haaland and Kylian Mbappe, coach Xavi Hernandez said. Barcelona forked out fees in excess of 100 million euros for Philippe Coutinho, Antoine Griezmann and Ousmane Dembele between 2017-19, but the club’s financial issues mean it is unlikely to splurge on big new …

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach
1 year, 2 months ago

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach

News 18  

Barcelona lost an appeal to UEFA against being fined 500,000 euros for misreporting income under financial monitoring rules, the European soccer body said Friday. UEFA’s club finance panel imposed the fine in July after Barcelona declared income in 2022 on profit from “disposal of intangible assets which are not a relevant income under the regulations.” FC Barcelona is fined €500,000 …

Barcelona Hit By La Liga's Spending Limit Cut
1 year, 3 months ago

Barcelona Hit By La Liga's Spending Limit Cut

News 18  

Barcelona were dealt a blow on Thursday when the Spanish champions’ spending limit for the season was cut to 270 million euros by La Liga. Barca spending limits slashed by La Liga https://t.co/TNycg84s4j— SPORT English September 14, 2023 Barcelona’s previous limit was 649 million euros, a figure inflated by the sale of future television rights income among a series of …

Barcelona hit by LaLiga spending limit cut
1 year, 3 months ago

Barcelona hit by LaLiga spending limit cut

The Hindu  

Barcelona was dealt a blow on Thursday when the Spanish champion’s spending limit for the season was cut to 270 million euros by La Liga. Barcelona’s previous limit was 649 million euros, a figure inflated by the sale of future television rights income among a series of financial “levers” the club pulled. “The whole medium and long-term strategy is set …

What happens if Barcelona are eliminated from the Champions League?
2 years, 2 months ago

What happens if Barcelona are eliminated from the Champions League?

Daily Mail  

The consequences of Barcelona's early exit from the Champions League could be as far reaching as having to sell several players next summer with Frenkie de Jong back in the shop window and even out of favour Ferran Torres offered to potential suitors. Barcelona mortgaged its future during the last transfer window in order to spend £132m on new signings …

Barcelona’s wage bill will stay for two seasons before it’s manageable, says club vice president
2 years, 3 months ago

Barcelona’s wage bill will stay for two seasons before it’s manageable, says club vice president

The Hindu  

Barcelona won't be able to reduce its salary burden to sustainable levels until several veteran players finish their contracts, the club's financial vice president said on Thursday. While presenting the budget for this season, Eduard Romeu warned it would likely take another two seasons before Barcelona is able to get its player salary load within manageable limits. Barcelona finished the …

Barcelona Must Shed Veterans to Balance Books: Club Official
2 years, 3 months ago

Barcelona Must Shed Veterans to Balance Books: Club Official

News 18  

Barcelona won’t be able to reduce its salary burden to sustainable levels until several veteran players finish their contracts, the club’s financial vice president said on Thursday. While presenting the budget for this season, Eduard Romeu warned it will likely take another two seasons before Barcelona is able to get its player salary load within manageable limits. Barcelona finished the …

Barcelona 'forecast profits of £240m this season'
2 years, 3 months ago

Barcelona 'forecast profits of £240m this season'

Daily Mail  

Barcelona have forecast a profit of £240million this season, according to reports. The Spanish giants were forced to execute a handful of 'economic levers' this summer in order to boost funds and register new signings, even after LaLiga had increased their spending cap to £575m. Barcelona 'have forecast a profit of £240million this season' after rescuing the club's finances Club …

Barcelona Sell Off Assets to Make Signings in Attempt to Gain Force in La Liga
2 years, 4 months ago

Barcelona Sell Off Assets to Make Signings in Attempt to Gain Force in La Liga

News 18  

Barcelona’s attempts to establish themselves once again as a force in La Liga and the Champions League this season have seen the heavily-indebted Catalans gamble with their future to enable a striking summer spending spree. A year after being forced to let Lionel Messi go as eye-watering reported debts of 1.35 billion euros crippled the club, Barcelona have spent 153 …

Barcelona mortgages its future on quick resurrection
2 years, 5 months ago

Barcelona mortgages its future on quick resurrection

Associated Press  

BARCELONA, Spain — Crippled by debt and fielding a team that was no longer among Europe’s elite, Barcelona’s leadership decided there was only one alternative after watching Real Madrid sweep up the major trophies last season. With Barcelona about to close last season with a financial loss for the fourth straight year and no money to spend on transfers, club …

How is Barcelona FC Trying to get its Finances Back on Track
2 years, 10 months ago

How is Barcelona FC Trying to get its Finances Back on Track

News 18  

Barcelona is back in the second tier of European football after nearly two decades of contending among the elite in the Champions League, a blow to its prestige and a further hit to its dire financial situation. DEBTS The club’s debt reached a whopping 1.3 billion euros, including almost 390 million euros related to player salaries and more than 670 …

EXPLAINER: How Barcelona tries to get finances back on track
2 years, 10 months ago

EXPLAINER: How Barcelona tries to get finances back on track

Associated Press  

MADRID — Barcelona is back in the second tier of European soccer after nearly two decades contending among the elite in the Champions League, a blow to its prestige and a further hit to its dire financial situation. DEBTS The club’s debt reached a whopping 1.3 billion euros, including almost 390 million euros related to player salaries and more than …

Barcelona in ‘very worrying’ financial situation, admits club president Joan Laporta
3 years, 4 months ago

Barcelona in ‘very worrying’ financial situation, admits club president Joan Laporta

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Laporta blamed the “lies” of his predecessor, Josep Maria Bartomeu, for the …

LaLiga: Barcelona president Joan Laporta says club's debt now stands at $1.6 billion
3 years, 4 months ago

LaLiga: Barcelona president Joan Laporta says club's debt now stands at $1.6 billion

Firstpost  

The club lost star player Messi to Paris Saint-Germain this month because it could not give him a new contract that would fit within the Spanish league’s strict financial fair-play regulations. Joan Laporta blamed the previous administration of Josep Bartomeu for the club’s “dramatic” situation that ultimately led to Lionel Messi’s departure. “We have found ourselves in a difficult situation …

Barcelona’s president says club’s debt now at $1.6 billion
3 years, 4 months ago

Barcelona’s president says club’s debt now at $1.6 billion

Associated Press  

MADRID — Barcelona’s president presented a grim picture of the club’s financial situation on Monday, saying its debt had risen to 1.35 billion euros. Laporta said the club had losses of 481 million euros and was left with a negative net worth of 451 million euros, making it difficult to negotiate with players. “We have found ourselves in a difficult …

European Union's top court deals setback to Barcelona, Real Madrid in tax case
3 years, 10 months ago

European Union's top court deals setback to Barcelona, Real Madrid in tax case

Firstpost  

Barcelona are coming off their first season without a trophy since 2007-08 and have a debt of more than 1.1 billion euros, largely because of the coronavirus crisis. The European Union’s top court dealt a blow to Barcelona, Real Madrid and two other Spanish football clubs on Thursday by upholding a decision from the bloc’s executive arm ordering they should …

Barcelona, Atletico ordered to further tighten belts by La Liga
3 years, 10 months ago

Barcelona, Atletico ordered to further tighten belts by La Liga

The Hindu  

FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the COVID-19 pandemic. League leader Atletico Madrid, meanwhile, must make savings of 35.4 million euros to meet a new budget of 217.3 …

LaLiga: ‘Not worried about Barcelona’s financial crisis,’ says league president Javier Tebas as club inches towards bankruptcy
3 years, 11 months ago

LaLiga: ‘Not worried about Barcelona’s financial crisis,’ says league president Javier Tebas as club inches towards bankruptcy

Firstpost  

“Big clubs like Barcelona are in heavy debts because they depend on revenues from ticketing and museums, something that they just couldn’t generate last year. Allaying concerns raised by mediapersons in a virtual press conference, Tebas said that “debt doesn’t mean anything” if the club’s revenue-generation capabilities are sound. The Spanish clubs introduced pay cuts to counter mounting losses, and …

LaLiga India head Jose Antonio Cachaza: 'Counting losses, but hoping for a better 2021'
4 years ago

LaLiga India head Jose Antonio Cachaza: 'Counting losses, but hoping for a better 2021'

Firstpost  

New Delhi: FC Barcelona closed the previous LaLiga season with losses of 97 million euros. Atletico Madrid, the third in the Big Three triumvirate in the Spanish league, have reported a year-on-year drop of 325 million euros, their debt having reached 999 million euros. In an exclusive interview with Firstpost, LaLiga’s India head, Jose Antonio Cachaza, dwells on year 2020, …

La Liga Slashes Wage Cap By 610 Million Euros For 2020-21 Season, Barcelona Worst Hit
4 years, 1 month ago

La Liga Slashes Wage Cap By 610 Million Euros For 2020-21 Season, Barcelona Worst Hit

News 18  

La Liga has slashed spending limits for its clubs by 610 million euros for the 2020-2021 season due to the financial impact of the COVID-19 pandemic, Spain’s top soccer league said on Tuesday. Barcelona’s salary cap has been cut to 382.7 million euros from last season’s 671 million euros, while defending champions Real Madrid can spend 468 million euros, down …

Barcelona are handed a £342m WAGE CAP by LaLiga - £77m less than rivals Real Madrid
4 years, 1 month ago

Barcelona are handed a £342m WAGE CAP by LaLiga - £77m less than rivals Real Madrid

Daily Mail  

Barcelona's wage cap has been reduced from £601million to £342m in the wake of the financial pressures caused by the Covid-19 pandemic. Barcelona's player wages took up around 61 per cent of the club's £940m income before the coronavirus pandemic took hold, meaning their current wage bill stands at around £573m. LaLiga have reduced Barcelona's wage cap for this season …

The great Spanish sale: LaLiga clubs prepare to cut wage-bills by selling star players
4 years, 7 months ago

The great Spanish sale: LaLiga clubs prepare to cut wage-bills by selling star players

Daily Mail  

When the president of LaLiga, Javier Tebas, told Spanish clubs last month: 'Forget about signings like the ones we have seen before, concentrate on bringing through youth players and recalling loans,' it sent a shudder through the board rooms of some of the top clubs in Spain. Real Madrid could be willing to let Gareth Bale leave for free in …

Barcelona delay deals as they wait to see if they can land Neymar
5 years, 6 months ago

Barcelona delay deals as they wait to see if they can land Neymar

Daily Mail  

Barcelona are having trouble coughing up for Antoine Griezmann's buy-out clause in one instalment, Spain's Diario AS reported on Wednesday. AS also said some Barcelona staff were paid three days late at the end of June in another sign of immediate cash-flow problems at the end of the club's financial year. Barcelona wanted to pay Griezmann's buy-out clause early this …

Discover Related