Barcelona: Charged with corruption .... again!

[tenpoless]

Many people already stated. You can't stay competitive without investments and without competitiveness, the revenue will be even less than what they sold right now. We already saw last season, on what level barca would play without any signings. Somewhere between 6th and 9th position in LaLiga and playing EL against Frankfurt. They only recovered 2nd place thanks to Torres, Aubemeyang and to some point Traore. Stopping signings would be longterm suicide, because in that position even for a few years would make it impossible to pay debts. Barca needs at least the CL quaterfinals money and publicity to stay attractive to sponsors.
And as I stated, if they already covered the yearly €40m less with other sponsors, why would it snowball?

Because it makes no sense. If they didn't make those deals, they would have €40m more every year. So essentially the situation now puts the successors to have less money than what they're supposed to have. And if this keeps going then it doesn't look good. I think Barca even with some of their biggest spenders leaving, are still able to do well in La Liga. At least top 4 every year is a plausible target. If players like Lewa or other huge investments help them win CL then sure it might be worth it. But I dont see it personally. Better keep the money. Relying on CL quarterfinals is a big risk considering how the competition usually plays out.

 

[cyberman]

Because it makes no sense. If they didn't make those deals, they would have €40m more every year. So essentially the situation now puts the successors to have less money than what they're supposed to have. And if this keeps going then it doesn't look good. I think Barca even with some of their biggest spenders leaving, are still able to do well in La Liga. At least top 4 every year is a plausible target. If players like Lewa or other huge investments help them win CL then sure it might be worth it. But I dont see it personally. Better keep the money. Relying on CL quarterfinals is a big risk considering how the competition usually plays out.

Banking on success is exactly what the previous president relied on to get them out of the hole. The problem is now that the future of the club relies on on success if they are chasing CL and league titles. It’s such an unnecessary gamble, so what if they aren’t an elite club for a while? Why is it written into law that they have to be?

 

[Ragnar123]

It’s such an unnecessary gamble, so what if they aren’t an elite club for a while? Why is it written into law that they have to be?

Then it will be lights out for the club. Earning money as a successful elite club is the only option to move forward in a position with €1.5b debt while reducing the wages to a healthy number. There is simply no other choice.

 

[NoLogo]

Probably they didn't, but I wouldn't say it's impossible for Brazzo to react to the Lewandowski offer the way he allegedly did (which was pay everything up front, as we don't think you'll be able to pay installments)

Wasn't it Hoeneß who said something along those lines?

 

[Mastadon]

That’s not true. Sponsors don’t demand success, they just go after the large fanbases. Historical clubs get huge deals regardless of mmm if they win the CL reach quarters etc

Large bases are a result of success how else have City gone from having 20 fans to an estimated 100+ million worldwide today? Sure United are still the best supported club but how many more fans would you have if you kept winning like under the Fergie days? New fans are attracted by success heck I started supporting Arsenal in 1998 when we won the double. If I was born 20 years later I would prob be attracted to another club instead.

 

[Adisa]

Its simple. They have sold 10% of their TV rights for the next 25 years as well as merchandise rights. No club would ever do this unless if theyre stupid. Its daft 25 years is a long time. It seems like whoever is in charge right now only want to be safe themselves and not giving a feck to the future. They're solving current problem with future money, basically only moving the problem from now to the future. It will be their successor's problems. A recipe for disaster.

They run the same way any democratic government is run. And democratic governments are by definition, short termist

 

[cyberman]

Large bases are a result of success how else have City gone from having 20 fans to an estimated 100+ million worldwide today? Sure United are still the best supported club but how many more fans would you have if you kept winning like under the Fergie days? New fans are attracted by success heck I started supporting Arsenal in 1998 when we won the double. If I was born 20 years later I would prob be attracted to another club instead.

But Barcas fan base is already established? I don’t even think EPL clubs suffer from not winning league titles since the exposure of the league attracts fans anyway.
I’ve been under the impression that success is becoming secondary to attractive football and how sides play, wins seem to be forgotten quicker than they were 20 years ago. Liverpool are constantly grouped with City despite winning only 1 league win under Klopps reign. City can’t even fill out the Etihad every week

 

[Chief123]

But Barcas fan base is already established? I don’t even think EPL clubs suffer from not winning league titles since the exposure of the league attracts fans anyway.
I’ve been under the impression that success is becoming secondary to attractive football and how sides play, wins seem to be forgotten quicker than they were 20 years ago. Liverpool are constantly grouped with City despite winning only 1 league win under Klopps reign. City can’t even fill out the Etihad every week

Success most certainly dictates the growth of a fan base. Man City is proof of it. Constant success is leading to exponential growth in their fan base. I see so many kids in Manchester donning city shirts now. Just like I was born in an era of Utd success which is what probably attracted me to support Utd.

 

[cyberman]

Success most certainly dictates the growth of a fan base. Man City is proof of it. Constant success is leading to exponential growth in their fan base. I see so many kids in Manchester donning city shirts now. Just like I was born in an era of Utd success which is what probably attracted me to support Utd.

Yes but that’s a club in the up trying to establish that fan base. Barca are a historical club that will already have that in place. Sponsors aren’t chasing success, they’re attracted to large fanbases. Plus it’s not as if we are saying spend decades in the wilderness and wilt down to nothing. It doesn’t have to be that extreme and I’d argue signing old players with no resell value on high wages so they can somehow challenge for the CL so they don’t go bust is just as extreme as that.

 

[Mastadon]

But Barcas fan base is already established? I don’t even think EPL clubs suffer from not winning league titles since the exposure of the league attracts fans anyway.
I’ve been under the impression that success is becoming secondary to attractive football and how sides play, wins seem to be forgotten quicker than they were 20 years ago. Liverpool are constantly grouped with City despite winning only 1 league win under Klopps reign. City can’t even fill out the Etihad every week

There are a finite number of fans and if your rivals are attracting them then that necessarily means you are losing out. Take away City's jackpot and their fans would be divided among the other clubs. I agree there are other factors apart from success which determines your fanbase size but success has to be one of the biggest factors if not the biggest.

 

[DomesticTadpole]

Back from the brink my ass. There's something truly amiss here. The amount of dodgy money laundered through hidden offshore accounts is probably insane.

But don't count on FIFA or UEFA to do anything about it.

Some of it will be going through their offshore accounts.

 

[cyberman]

There are a finite number of fans and if your rivals are attracting them then that necessarily means you are losing out. Take away City's jackpot and their fans would be divided among the other clubs. I agree there are other factors apart from success which determines your fanbase size but success has to be one of the biggest factors if not the biggest.

But that’s decades and decades and decades down the line. Look at the top money makers in world football, dominated by English clubs despite there only being 1 league winner each year. Hell Liverpool are massive and they’ve had 1 league title in 32 years.
Success is vastly overrated when talking about sponsors. There’s a reason why CL is being revamped and it’s not because they’re too successful. I dont see Chelsea suddenly topping rich lists because they won the CL last year, twice in 8 odd years. In fact they’re getting turned down by transfer targets left, right and centre

 

[Oranges038]

EVERYBODY knew the rezone was happening, no matter in 2000 or 2020 but IT WAS GOING TO HAPPEN. if you know madrid it is more than obvious. right at the end of the main street of the city, very close to the financial area, etc. it's been obvious for decades that that area was going to be developed, that is why NOBODY was selling the land.

actually, the biggest issue is not the rezoning, which, again, was obvious, but if real madrid was entitled to the ownership, because the land was given many decades ago to real madrid for this purpose. this area, at that moment, was far away. bernabeu is also in a prime spot but it wasnt in the past (or not so prime)

and obviously all the owners got money, not just real madrid.



10% of LALIGA tv rights, only LALIGA. we haven't sold any merchandise rights and at this moment it is basically discarded.
and i don't really follow the logic here, what is the difference between getting a loan and selling assets to pay the debts and spend some of that money to try to keep fighting for titles to be able to keep the future incomes?

bayern munich sold 25% of the club at 1bn valuation in average to pay for the stadium.
united handles 8 figures every single year to the glazers from their incomes (11M this month).

i dont see you calling them stupid or disaster.



another mr. twitter nobody lying... hahaha. who cares what these people say?



barça pays what the contracts say. saying that you cannot buy other stuff just because you have debt is embarrasing.



like getting a loan.
this is done basically to meet laliga FFP requirements, what are you talking about??? hahaha.
this is actually done to be able to operate normally. at this moment we cannot even sell 10 millions and spend 5 in a substitute.

i woudn't buy lewa at 40M for the reason you mention, but azpi and alonso should be very cheap and we have a solution for at least 2-3 years in a current hole.

we have araujo, eric, gavi, pedri, ansu, ferran... those are usual starters (when fit) and 20 is their average age. i dont even count fdj (for now at least), dembele (he will probably stay), dest, etc. which are young too.

ALL the signings and renewals are within the new salary structure, so salaries won't be an issue when toxic contracts end (2 years) unless obviously our revenue decreases another 50%

Well all that is true. But, then again a certain Mr Perez, who just so happened to be the Real president and also a head of a building company called ACS who subsequently benefitted by claiming building contracts on the land that was sold to other investors. While ACS sub divisions were awarded other contracts on the sites too.

So yeah, Real benefited from some favourable rezoning laws and land swap deals. And Mr Florentino's company just so happened to be get the contracts to invest in and build for the companies that did buy the land.

It was all 100% legal and above board.

 

[Shakesy]

Yes but that’s a club in the up trying to establish that fan base. Barca are a historical club that will already have that in place. Sponsors aren’t chasing success, they’re attracted to large fanbases. Plus it’s not as if we are saying spend decades in the wilderness and wilt down to nothing. It doesn’t have to be that extreme and I’d argue signing old players with no resell value on high wages so they can somehow challenge for the CL so they don’t go bust is just as extreme as that.

Out of interest, what % of Mancs support Utd and City? Also, how has this changed over the last decade or two?

 

[Iker Quesadillas]

I’d argue signing old players with no resell value on high wages so they can somehow challenge for the CL so they don’t go bust is just as extreme as that.

The strategy is not very different than ones they've had in the past. In 2003-2004, they brought in 30-year-old Rustu Recber for GK. 30-year-old Gio Van Brockhorst and 30-year-old Edgar Davids on loan. In 2004-2005, they brought in 32-year-old Larssen, 32-year-old Albertini. They also bought some players in their late 20s (Edmilson, Beletti, Sylvinho). At the same time they were bringing up players like Iniesta, Messi, and Victor Valdes. This strategy, plus signing a few 'prime' players (Ronaldinho, Deco, Eto'o) was very successful.

They just signed Christensen, who is 26 years old, Kessie, who is 25, and Pablo Torre, who is 19. Last season they signed Eric Garcia (20), Ferran Torres (21), and Depay (27). The only old players they've actually signed are Aguero and Aubameyang, and the latter was a replacement for the former.

I think it's a bit silly to pay 50m for Lewandowski, but let's not exaggerate what is actually happening here. They haven't turned the squad into a nursing home.

 

[Mastadon]

It’s such an unnecessary gamble, so what if they aren’t an elite club for a while? Why is it written into law that they have to be?

Well from a big picture point of view the club has debts of 1.3b but generates revenues of about 600m a year so they are in a better position than the average joe who earns 50k a year and has a 300k mortgage for example. Of course revenues of 600m are being crushed by their massive wagebill but that is being cut and rationalized. Selling some of their broadcasting rights brings in immediate profit to comply with FFP and more cash to settle liabilities and continue to sign some players to remain competitive while waiting for the wage rationalization to take effect and return them to profitability. I saw a Forbes valuation which valued Barca at 5b so taking everything into consideration its not such a dangerous thing for them to do.

 

[FCBarcelona]

Well all that is true. But, then again a certain Mr Perez, who just so happened to be the Real president and also a head of a building company called ACS who subsequently benefitted by claiming building contracts on the land that was sold to other investors. While ACS sub divisions were awarded other contracts on the sites too.

So yeah, Real benefited from some favourable rezoning laws and land swap deals. And Mr Florentino's company just so happened to be get the contracts to invest in and build for the companies that did buy the land.

It was all 100% legal and above board.

ACS is basically the biggest construction company in Spain. It is actually one of the biggest construction companies of the world (top 10 worldwide and top1-2 in Europe). They are always part of big projects. So that is not surprising.

Could Florentino accelerate the process and get a bigger piece of the construction projects? sure. How much? 5 years? 10? 5% extra of the project? 10%? i dont know. he obviously had extra leverage.
Where is the line? i don't know but what is crystal clear is that the rezoning itself made al the sense and ACS would be anyway a big part of it, with or without florentino.

What is incorrect is that Madrid decided to randomly rezone something for the only purpose of benefitting real madrid.
again, the most problematic situation was the ownership itself, not the rezoning.

here iam, a barça fan in a topic full of insults to my club defending real madrid hahahha

 

[Oranges038]

ACS is basically the biggest construction company in Spain. It is actually one of the biggest construction companies of the world (top 10 worldwide and top1-2 in Europe). They are always part of big projects. So that is not surprising.

Could Florentino accelerate the process and get a bigger piece of the construction projects? sure. How much? 5 years? 10? 5% extra of the project? 10%? i dont know. he obviously had extra leverage.
Where is the line? i don't know but what is crystal clear is that the rezoning itself made al the sense and ACS would be anyway a big part of it, with or without florentino.

What is incorrect is that Madrid decided to randomly rezone something for the only purpose of benefitting real madrid.
again, the most problematic situation was the ownership itself, not the rezoning.

here iam, a barça fan in a topic full of insults to my club defending real madrid hahahha

Nobody said they decided to rezone it themselves to raise the price. The whole process was done in a very favourable and timely manner, which allowed them to clear their debts, get a new training ground and embark on the spending spree, that was spearheaded by none other than FP,. Who was also central to the rezoning going through and his company also benefitted from the building contracts awarded on the land afterwards.

Quite obviously there was a lot of back scratching done and who knows some brown envelopes might have even changed hands.

As for Barca. They've already sold their soul, might be time to look into selling some land.

 

[ilrm]

The help has gone back years. I think you're talking about the state aid case which you have to pay fines on, but there have been others like when the authorities bought your training ground for £300m to wipe-out £200m debt. That one was investigated by the EU.

This is blatantly false … the training ground was sold to 3 private developers. The issue with the government was on taxes.

 

[Acrobat7]

Wasn't it Hoeneß who said something along those lines?

Allegedly Bayern is asking for a 100% cash payment without any installments for Lewandowski.

Honigstein then added jokingly „they probably think Barca files for insolvency within the next 2 years“ and some guy on Twitter made it a quote/meme from Bayern.

 

[desertegil]

Barcelona have a lot of young players. Pedri is 19, Gavi is 17 (!), Fati is 19, Nico is 20, Dest is 21, Eric Garcia is 21, Ferran Torres is 22, and Ronald Araujo is 23. The whole squad can't be a bunch of toddlers. The long-term plan is for some of these players to take the reins in the future, while older players with short contracts handle the present.

Ideally though the bulk of a quality squad consists of players in their mid to late 20s of high quality and with lots of experience at top level, supplemented by a handful of players aged 30+ and a handful of talented youngsters with room for lots of improvement. Roughly.

Barca have 9 players aged 30+, half of which are either not very good or doesn't fit the club's system/culture well.
Barca also have a bunch of youngsters aged 23 and under, 8 or 9 with sufficent quality and talent.
In the 24-29 age bracket Barca currently only have 7 players, 2 of which are leaving this summer. Also, 2 of them are new signings, and 1 is made of glass.

 

[tenpoless]

Selling some of their broadcasting rights brings in immediate profit to comply with FFP and more cash to settle liabilities and continue to sign some players to remain competitive while waiting for the wage rationalization to take effect and return them to profitability. I saw a Forbes valuation which valued Barca at 5b so taking everything into consideration its not such a dangerous thing for them to do.

They comply with FFP by bringing in immediate money and then use the same money to spend on players that will also bloat their wages (debts) even more so they have to get more money to comply with FFP in the future. It looks to me like some people are just trying to buy time until the headache is not theirs anymore. Also at 5B (minus 1.3B in real value due to debts) it's just better to buy Atletico at 1.5B with 3.5B leftover cash in hand ready to improve the team even further to immediately challenge for CL & La Liga, if we go by Forbes valuation.

 

[tenpoless]

They run the same way any democratic government is run. And democratic governments are by definition, short termist

Indeed. Never thought I'd say this but there's actually a big club being run in a worse way than United. It's Barca.

 

[ilrm]

Quite obviously there was a lot of back scratching done and who knows some brown envelopes might have even changed hands.

What kind of allegations are these? Anyone can make these kinds of allegations and try to pass off opinion as fact. For example one could accuse United of paying referees for "Fergie time".

Of course Perez would look to accelerate the sale process - but he is not the final decider. There are plenty of government officials and regulatory processes involved. There was no corruption involved. Just how tax was being treated and we have paid all fines (15-20 million) to clear out any backlog.

 

[Oranges038]

What kind of allegations are these? Anyone can make these kinds of allegations and try to pass off opinion as fact. For example one could accuse United of paying referees for "Fergie time".

Of course Perez would look to accelerate the sale process - but he is not the final decider. There are plenty of government officials and regulatory processes involved. There was no corruption involved. Just how tax was being treated and we have paid all fines (15-20 million) to clear out any backlog.

Yeah, I was wrong. How silly of me.

Of course there was absolutely no corruption or back scratching involved. If there were, he would never have been able to have the whole lot ready to be signed off before he was even elected president of Real.

 

[bosskeano]

going to be difficult for them to purchase Raphinha or Lewandowski if they don't sell someone ......just don't understand how they can run the club as they do with the financial restrictions they are under yet discuss buying players publicly

 

[Niemans]

They comply with FFP by bringing in immediate money and then use the same money to spend on players that will also bloat their wages (debts) even more so they have to get more money to comply with FFP in the future. It looks to me like some people are just trying to buy time until the headache is not theirs anymore. Also at 5B (minus 1.3B in real value due to debts) it's just better to buy Atletico at 1.5B with 3.5B leftover cash in hand ready to improve the team even further to immediately challenge for CL & La Liga, if we go by Forbes valuation.

Atletico is not the best example precisely.

Indeed. Never thought I'd say this but there's actually a big club being run in a worse way than United. It's Barca.

I totally disagree.

We better wait until the economic balance sheets to make analyses.

 

[SirReginald]

I totally disagree.

We better wait until the economic balance sheets to make analyses.

Sure we can wait for the release of the financial information but the fact that you are in this position is in itself proof that it’s run terribly.

The fact you tell players to reduce their wages and then sign new players when you can’t afford it, is another form of ineptitude.

The fact your club is finding every possible way to generate money just to spend it right away. Is another bad practice.

Whatever happens to Barcelona there is no escaping reality. If this was a small club in Europe, they would have folded long ago.

 

[Basa1987]

Madrid fans supporting Barca. Barca fans supporting Madrid. Are we in the Upside Down?

 

[Rampant Red Rodriguez]

What rules have Madrid broken? A few years ago we lost a court case having to do with taxes (private vs non profit treatment that spanned all the way back to the early 90s) and ended up paying about 15-20 million in fines.
What cheating have we (Madrid) benefitted from?

State sponsored aid. Real are the club of the establishment and are favoured as so.

 

[RVN1991]

Fully expect a Super League push to happen this season or next. From this point onwards, all revenue in football will most likely come down year on year.

Think that idea is dead. They might push for it but considering the backlash, and the fact that the English clubs, Bayern and PSG don't really need it I just don't see it happening.

Don't particularly care about Barcelona but this is what happens when you're run irresponsibly.

 

[Niemans]

Sure we can wait for the release of the financial information but the fact that you are in this position is in itself proof that it’s run terribly.

The fact you tell players to reduce their wages and then sign new players when you can’t afford it, is another form of ineptitude.

The fact your club is finding every possible way to generate money just to spend it right away. Is another bad practice.

Whatever happens to Barcelona there is no escaping reality. If this was a small club in Europe, they would have folded long ago.

This is another directive that was met with a very difficult scenario. To say that Barcelona RIGHT NOW is not well directed will have to wait.

We will have to see how the debt and the salary bill are, in addition to the team that remains.

 

[ilrm]

State sponsored aid. Real are the club of the establishment and are favoured as so.

There is no 'state-sponsored' aid ... any 'aid' that was ever given since the 90s has already been repaid through fines worth 15-20 million as decided by both Spanish and EU-level courts.

 

[caid]

This is another directive that was met with a very difficult scenario. To say that Barcelona RIGHT NOW is not well directed will have to wait.

We will have to see how the debt and the salary bill are, in addition to the team that remains.

Were all speculating at this point, you haven't signed anyone yet. People just have expectations as to how much players like Lewandowski and Bernardo Silva cost. Your club releases news stories saying your going to spend 200m on players, pick up the most desirable forward and midfielder in world football. Presumably you'll sign Kessie and Christensen at a discount price on wages despite apparent competition from a lot of clubs. Pique, Busquets and so on having cripplingly high wages to pay will sort itself out. Growth will offset the loss in future earnings (Real Madrid et al not having that around their neck isn't relevant somehow).
Its not how football works for 99% of clubs and most people are going to be skeptical it'll work that way for you for obvious reasons. I mean from the outside looking in it looks like a continuation of the startegy that got you into this mess.

 

[Niemans]

Were all speculating at this point, you haven't signed anyone yet. People just have expectations as to how much players like Lewandowski and Bernardo Silva cost. Your club releases news stories saying your going to spend 200m on players, pick up the most desirable forward and midfielder in world football. Presumably you'll sign Kessie and Christensen at a discount price on wages despite apparent competition from a lot of clubs. Pique, Busquets and so on having cripplingly high wages to pay will sort itself out. Growth will offset the loss in future earnings (Real Madrid et al not having that around their neck isn't relevant somehow).
Its not how football works for 99% of clubs and most people are going to be skeptical it'll work that way for you for obvious reasons. I mean from the outside looking in it looks like a continuation of the startegy that got you into this mess.

Barcelona with the sale of 25% of the television rights will pay a part of the debt. Then they will allocate another important amount to signings.
The key to the issue is the wage bill. If even signing those players, which remains to be seen, lowers the salary bill the club will have no problems.
This year Barcelona had a salary bill of €560M, if for example next year it is €480M, the club will be €40M more profitable, discounting the other €40M that it will stop receiving for the sale of television rights.
That is why I say that there are still many variables to discover to have an exact drawing of the situation

 

[caid]

Barcelona with the sale of 25% of the television rights will pay a part of the debt. Then they will allocate another important amount to signings.
The key to the issue is the wage bill. If even signing those players, which remains to be seen, lowers the salary bill the club will have no problems.
This year Barcelona had a salary bill of €560M, if for example next year it is €480M, the club will be €40M more profitable, discounting the other €40M that it will stop receiving for the sale of television rights.
That is why I say that there are still many variables to discover to have an exact drawing of the situation

Its hard to imagine you coming out of this summer ahead on wages taken at face value. I realise some of them wages are from Messi and others, maybe your finished paying them? Coutinho and Dembele are gone so thats a pretty big saving. De Jong is going but you only payed him about 6m last year so not much saving been done there. You'll probably pay him triple that when hes leaving.
So going into the next season you've got a minimum of 12m extra to pay de jong (more if you keep him, much more apparently?). Presumably the wages from one of Coutinho and Dembele will go straight to Lewandowski and the other will probably go to Silva. And then your signing about 5 players on frees so ... wheres the saving?

 

[Niemans]

Its hard to imagine you coming out of this summer ahead on wages taken at face value. I realise some of them wages are from Messi and others, maybe your finished paying them? Coutinho and Dembele are gone so thats a pretty big saving. De Jong is going but you only payed him about 6m last year so not much saving been done there. You'll probably pay him triple that when hes leaving.
So going into the next season you've got a minimum of 12m extra to pay de jong (more if you keep him, much more apparently?). Presumably the wages from one of Coutinho and Dembele will go straight to Lewandowski and the other will probably go to Silva. And then your signing about 5 players on frees so ... wheres the saving?

The €560M wage bill includes €100M+ in deferred salaries and loyalty bonuses, once paid they are already eliminated.
In the official budget, published in October 2021, the wage bill was €470M, the rest up to €560M will be debts of other years.

That is why I say that we will have to wait to see the numbers presented.

This year the losses were going to be €150M due to accumulated debts. And with the first lever, Barcelona will have some €100M in profits. That money will go mostly to pay off debts.

 

[B. Munich]

Allegedly Bayern is asking for a 100% cash payment without any installments for Lewandowski.

Honigstein then added jokingly „they probably think Barca files for insolvency within the next 2 years“ and some guy on Twitter made it a quote/meme from Bayern.

Hoeneß was commenting on Barcelona being after Lewandowski. He said something like Barcelona are planning to bid 50 million Euro for Lewandowski despite being1.3 Billion Euro in debt. Based on German laws and DFL rules they would have to file for bankruptcy and go into administration.

 

[caid]

The €560M wage bill includes €100M+ in deferred salaries and loyalty bonuses, once paid they are already eliminated.
In the official budget, published in October 2021, the wage bill was €470M, the rest up to €560M will be debts of other years.

That is why I say that we will have to wait to see the numbers presented.

This year the losses were going to be €150M due to accumulated debts. And with the first lever, Barcelona will have some €100M in profits. That money will go mostly to pay off debts.

Ok that makes some sense. Are the deferred salaries done and dusted after this summer then or will they drag on for a couple more seasons?

 

[Niemans]

Ok that makes some sense. Are the deferred salaries done and dusted after this summer then or will they drag on for a couple more seasons?

Tomorrow I will give a full explanation of Barcelona's economic numbers, although I already warn that there are many questions.