Barcelona debts have been laid bare as they close in on a staggering £1billion in the red. Their financial crisis
has deepened dramatically following the impact of the coronavirus. At the end of last season, accounts showed
the club had lost a whopping £88m with Barca forced to play in.
At the end of last season, accounts showed the club had lost a whopping £88m with Barca forced to play in an
empty Camp Nou.
Despite players being forced to slash their wages by 70 percent during the pandemic, the club also disclosed
debts of £443m.
Now Catalonia newspaper La Vanguardia added that figure doesn’t include a ‘runaway’ deficit that totals around
£360m taking the total to just over £800m (€900m).
The report adds that Barcelona will need to pay back around £375m this year or risk going into insolvency.
It remains a major burden on the next president of Barcelona with elections set to take place on January 24.
One expenditure burning a huge financial hole in the club is the staggering wage bill.
Barcelona has the highest wage bill in world football that tops £355m.
Although players agreed to forego a large chunk of their wages, around £170m still needs to be paid to the stars
over the next four seasons.