Barcelona in Deep Financial Trouble as Joan Laporta Reveals Club’s Debts Have Risen to $1.6 Billion : SOCCER : Sports World News
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President of FC Barcelona Joan Laporta gestures throughout a press convention on the Camp Nou stadium in Barcelona on August 16, 2021. Laporta explains the financial outcomes of Due Diligence. (Photograph : LLUIS GENE/AFP by way of Getty Photographs)
Barcelona’s issues off the pitch present no signal of abating, with president Joan Laporta making a shocking revelation on Monday that the membership’s money owed have now soared to $1.6 billion. The grim assertion comes a day after Barcelona’s 4-2 victory over Actual Sociedad, casting one more darkish cloud over a membership that’s nonetheless reeling from the sudden departure of soccer icon Lionel Messi.
Laporta as soon as once more pinned all of the blame on his predecessor Josep Bartomeu for placing the membership in dire monetary straits. Laporta stated that Bartomeu and his board of administrators should be held accountable for the injury they’ve performed to the membership.
Laporta reveals Barca’s mounting debt
In response to Laporta, he was pressured to launch the membership’s precise debt figures to counter the lies printed by Bartomeu in his open letter final week that criticized the previous’s administration of the monetary disaster.
Laporta stated, “They are saying they don’t seem to be answerable for the 2019-20 accounts, however they’re accountable till March 17, 2021. The numbers are their accountability. No one will escape from that.” Laporta added that Barcelona had losses amounting to $567 million, leaving the Catalan giants with a unfavorable internet value of $532 million.
Laporta added within the information convention that salaries in Barcelona signify “103% of the membership’s complete revenue,” making it troublesome for them to barter gamers’ contracts. With Barca’s funds spiraling uncontrolled, Laporta needed to make the robust determination to let Messi go as they might not give the Argentina captain a brand new contract that might be allowed beneath La Liga’s strict monetary honest play guidelines.
Laporta broke down the membership’s money owed, with participant salaries accounting for $460 million. Barcelona additionally had $790 million value of money owed with banks, whereas $47 million was attributed to a loss in membership. The COVID-19 pandemic additionally wreaked havoc on Barca’s funds, costing the membership $107 million.
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Laporta praises Pique for taking pay reduce earlier than league opener
Some Barcelona supporters targeted Laporta for the position he performed in Messi’s transfer to Paris Saint-Germain. Banners had been displayed outdoors the Camp Nou criticizing Laporta for not making an attempt his hardest to maintain Messi with the crew. Some followers additionally criticized the controversial Bartomeu, who resigned as president final yr after a rift with Messi and plunging the membership into debt.
Laporta paid tribute to membership captain Gerard Pique, who accepted a last-minute pay reduce to permit Barcelona to area new signings Eric Garcia and Memphis Depay of their league opener in opposition to Actual Sociedad this earlier weekend. In response to Pique, fellow captains Jordi Alba, Sergio Busquets, and Sergi Roberto had been additionally keen to just accept wage reductions to assist the membership with its predicament.
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