25 October 2021 - 11:23 AM
Analysis FC Barcelona 2020/21 financials: How bad is the financial crisis at one of Europe's biggest clubs?
- In August newly-elected President Joan Laporta explained that the club face €1.35 billion of debt, player wages of 102 per cent of total income and equity of a negative €451 million.
- He blamed it on the previous management, saying he had inherited the worst accounts in the club's history.
- Last week, the club published their full financial report for the 2020/21 season.
- Off The Pitch has taken a look at the accounts to dive into the financial crisis the club finds itself in.
The latest period has been exceptionally turbulent both on and off the pitch for the mighty FC Barcelona. In late 2020, the now former president of FC Barcelona, Josep Bartomeu, resigned after a six-year reign, and Joan Laporta was appointed as president and the person in charge of getting the club out of the most critical financial situation in its history.
Last week, the club published their full financial report and we have taken a deeper look at the root of the problems.
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