Barcelona in Huge Debt: Lionel Messi’s huge wage saved, still club in $1.6 billion debt declared club president

FC Barcelona club president Joan Laporta has claimed that Lionel Messi's exit from the Catalan side left them with 1.6 billion in debt,
FC Barcelona club president Joan Laporta has claimed that Lionel Messi's exit from the Catalan side left them with 1.6 billion in debt,

Barcelona in Huge Debt – FC Barcelona Finances: FC Barcelona president Joan Laporta called upon a press conference on Monday and spoke about the poor situation of the clubs’ finances. Blaming Josep Bartomeu and the previous administration, he goes on to reveal that FC Barcelona’s debt has risen to $1.6 billion.

Even with Lionel Messi’s huge wage taken off their books, the club remain in a cash crisis & in a very difficult situation.

 

Barcelona in Huge Debt: Lionel Messi’s huge wage saved, still club in $1.6 billion debt declared club president

Barcelona in Huge Debt – FC Barcelona Finances: BARCELONA’S economic crisis has been laid bare by Joan Laporta with the LaLiga giants in £1.15billion of debt. The club president revealed the daunting figures on Monday after the Catalans played their first LaLiga match since Messi’s departure

Joan Laporta was outspoken about the terrible state of FC Barcelona’s finances which forced Lionel Messi away from the Catalan side. He went on to accuse previous club president Josep Bartomeu for Messi Barcelona exit and held his board of directors accountable for the poor running of the club. Pointing out at the countless “lies”, Laporta revealed how the club is now left with a negative net worth of $532 million.

Also Read: La Liga: FC Barcelona register new signings Depay, Garcia, Manaj after Pique takes ‘substantial’ pay cut

Addressing the media, Laporta was quoted saying, “Bartomeu’s letter is full of lies. It obeys an effort to justify management that is unjustifiable and is an exercise in despair. Our salaries represent 103% of the club’s total income. That’s 20% to 25% more than our competitors. We have found ourselves in a difficult situation to renegotiate the players’ contracts.”

Gerard Piqué opened upon about taking a salary reduction last week. The veteran defender took a major step in helping the club allowing the La Liga side to register its new signings. Pique agreed upon a reduction in wages before their tournament opener against Sociedad so that the likes of Depay and Garica could be registered with the Spanish League.

The Barcelona center-back went on to add that other senior Barca players and current captains in Sergio Busquets, Sergi Roberto, and Jordi Alba will follow in his footsteps and accept a reduction in their wages as well.

Despite all the issues surrounding FC Barcelona, Laporta went on to end the press conference on a positive note. He claimed that the “complicated” situation could be resolved in a couple of years. The club president was quoted mentioning, “We are not scared at all. We are highly motivated. It’s a big challenge but we are capable of overcoming it.”

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