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.
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How bad is Barcelona debt?
Barcelona’s financial situation at the start of the 2021/2022 La Liga season is not good. The club’s debt is €1.35bn and Barcelona has slashed the overspending on player wages.According to the FT, Barcelona became the first sports club in history to surpass $1bn in revenue before it all blew up in its face.
Are Barcelona really in debt?
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.
Are Barcelona in financial trouble?
Barca recently confirmed losses for the 2020-21 season of €481m.In practice, Barca’s wage bill will remain much higher than €97m this season, despite their best efforts to reduce it in the summer by letting Lionel Messi and Antoine Griezmann leave.
How broke is Barcelona?
Barcelona confirmed last month that the club made a loss of €481 million in the last financial year. Reverter on Wednesday presented the full extent of the club’s financial woes at a news conference at Camp Nou, with debts and future liabilities of €1.35 billion.
Why are Barcelona in such debt?
Barcelona’s previous board, led by Josep Maria Bartomeu, signed players to such large contracts. Contracts so inflated that the debt kept piling up. Griezmann, Coutinho and Miralem Pjanic, all signings by the previous board, occupied the second-, third- and fourth-highest salaries in 2020/21.
Why are Barcelona FC in debt?
Between June 2019 and March 2021, the club’s net financial debt increased by 514 million euros to 673 million euros, mostly due to investment made on the purchase and sale of players, according to the report.
How much is Barcelona’s 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.
How much money do Barcelona owe?
MADRID (AP) — 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 ($1.6 billion).
Are Man Utd in debt?
Manchester United’s net debt has fallen by more than £50million in their annual financial results, released today. United’s figures showed the club’s net debt currently stands at £419.1million, down from £474.4m last year.
Who is Barcelona owing?
Sport has revealed that Barcelona still owe Lionel Messi €52m that it must pay over the course of 2021 and 2022. He may have left Camp Nou for Paris but Lionel Messi will continue to be a financial burden for cash-strapped Barcelona for a while yet.
Is Real Madrid in debt?
THE CLUB GOES FROM HAVING A NET DEBT OF €240 MILLION IN THE 2019/20 SEASON TO €46 MILLION IN THE 2020/21 SEASON (DEBT/EBITDA RATIO 0.3X). THE CLUB HAS EQUITY AMOUNTING TO €534 MILLION AND CASH OF €122 MILLION AS OF 30 JUNE 2021.
Are Liverpool FC in debt?
The £197m figure adds on to the £71m that Liverpool owe to owners Fenway Sports Group, paying off a further £8m of their £110m loan to aid the redevelopment of the Main Stand at Anfield. That takes the gross debt at the club to £268m. The current loan from FSG is being repaid interest free.
Are Tottenham in debt?
Tottenham have announced pre-tax losses of £80.2million for the financial year ending June 2021, with total debts increasing from £605m to £706m.
Which football club has the most debt?
Football Clubs Debt List 2021
| Position | Club | Debt |
|---|---|---|
| 1 | Tottenham | £1.2 billion |
| 2 | Barcelona | £1 billion |
| 3 | Atletico Madrid | £804 million |
| 4 | Manchester United | £771 million |
