Good first match in the post-Messi era.
Barcelona: Charged with corruption .... again!
- Thread starter The Boy
- Start date
Braithwaite already has the same amount of goals in the league as last season in 1 game already 
1.35 billion in debt? fecking hell!
Thats in pounds right not euros? Mental amount. That will take a long time to come back from.
The full amount is mind boggling. Add interest onto that amount every year before there is a dent in the amount is not to be forgotten either!
Mess of a club.
Bloody hell their debt is mental. You could buy 30% of Man Utd with that amount of debt!
That will cripple the club, that's actually astonishing.
Not sure what the laws are in Spain but surely Bartomeu (sp?) is liable for prosecution for his running of the club
what's their income? 800€ a year? what's the margin they get? that will take ages to repay.
They should just sell off a portion of the club to a private investor/VC firm to help clear the debts. The Barca brand is huge, and if managed within a decent set of business parameters, should be a cash cow.
Yeah it would be pretty crap for the league in general. It feels similar to Rangers getting demoted multiple leagues and leaving Celtic as the only meaningful team in the league. The Scottish league was so underwhelming during that period.
That's the same debt Spurs are in after the construction of the New White Hart Lane. And Spurs' total earnings are less than Barca's.
If Barca sort out their salary outgoing, they'll be fine.
If Barca sort out their salary outgoing, they'll be fine.
Barcelona are also planning to renovate Nou Camp soon.
Repairs from what I read. Making some improvements ain't (anywhere near) the same as building a new stadium.
I think they were talking to Investindustrial (another PE fund) about selling off part of their merchandising arm - not sure if that ever happened though
Not quite the same, Barca's debt is tied up in more short term loans and they don't have as good of an asset as Spuds. Spuds also have more secure and stable income as Barca are likely to take a big hit to both La Liga rights and the lack of Messi (the latter of which apprantly funded quite a lot.)
Additionally, whilst Barca can probably trim some fat to get outgoings down, there problem will come when they need to invest again as they'll not really have any collateral to use to fund it as their top players are all old and the underlying assets are already on the hook.
Welcome to the club mate
Yes, but that's strategic debt, worked out by a budget and projections of increased revenue, not to mention a far juicier TV rights payments compared to La Liga. This is Barcelona in debt before even planning anything or expecting increased revenue.
Solution is to create more assets with La Masia, what Bartomeu should have been doing instead of spanking €500m in fees and wages on Coutinho, Dembele and Griezmann! Not even counting other waste of money signings of which there have been a few.
It's even more ridiculous when you think they turned down €100m+ for Messi last year and paid him another €100m in wages to achieve pretty much nothing.
The mismanagement at Barcelona has really been something else.
Yeah, La Masia is probably there way out, however that is a painful process as it requires you to cash in on your young players.
Bart man has really done a number on them.
Barca's is structured differently and not secured against a stadium, but I fully disagree on their income being less stable than Spurs.
They are a Spanish giant, who is ever-present in the CL. Spurs future income projections would be extremely unlikely to reach those of Barca.
Barca earn a whopping 60% more. Spurs are far less likely to be reaching CL spots and approaching Barca in revenue. Barca's CL sport is not under threat. Spurs' source of income is primarily EPL TV rights and matchday revenues. Their matchday revenues won't outstrip Barca's anytime soon, and there's no forecast where La Liga + CL will earn less Barca less than what Spurs make from EPL alone.
Barca have a lot of fat they have to trim but they are also a massive team with more prestige where people want to go and play not just for money. They can pull players on a free (Eric Garcia, Aguero) and some take paycuts to be there (see Depay taking a 30% paycut). They can use that coin for a good few years more before it loses its shine. Spurs don't even have that coin.
Barca also have more young talent in their books than Spurs with De Jong, Pedri, Fati, Garcia, Dest, Trincão, Puig. They have a good young core they can build from. When they manage to get rid of the contracts of Coutinho, Griezmann, Busquets and Dembele they'll be more than fine.
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Because the slump of barcelona will weaken the attractiveness of the league, and will affect the TV broadcast money La Liga can get. It is bad for La Liga.
I for one am so glad that deal didn't go through. We've seen how Messi coming to Paris and it dominated every news channel. Can you imagine how he could transcend City and how their fans will get so giddy? A Grealish is already making them so smug, just let a Messi coming to City let that sink in.
Have just been following this in the background. Can someone explain if this has anything to do with covid? From my understanding, Irrespective of the pandemic, the chickens would have come to roost, right?
People often complain (myself included) that football club has become too much about business and making money, the irony here is that these lads could have done with treating the club a bit more like a business and little less like trying to build a fantasy team and any cost.
Laporta revealed they also already took 50% of their TV rights money up front under Bartomeu. Which means less income than expected moving forwards. That’s fecking disturbing.
He talked about restructuring but that’s going to be a huge challenge. They are going to have to shift a lot of older players out and work with a close to zero net spend for 2-3 years I’d imagine.
It’s also worth remembering that their revenue figures are reported differently to PL clubs. It includes operations from all their sports as well as transfer fees received. This has always been the case for Spanish clubs. I’d like to see an actual breakdown of their revenue numbers for context.
He talked about restructuring but that’s going to be a huge challenge. They are going to have to shift a lot of older players out and work with a close to zero net spend for 2-3 years I’d imagine.
It’s also worth remembering that their revenue figures are reported differently to PL clubs. It includes operations from all their sports as well as transfer fees received. This has always been the case for Spanish clubs. I’d like to see an actual breakdown of their revenue numbers for context.
I believe that is due to spanish law... 50% salary reduction is the largest allowed ... so yeah technically he couldntBut but Messi couldn’t sign for 200k a week or even for free they told us
Anyone we can poach before the transfer window is up?
Can you explain that a bit more? I thought TV rights revenue is given every season, no? Are you saying he's taken 50% of the total payments that would have gone Barcelona's way over the years up front? Is that even possible/legal?
The Saudis will be along soon enough to 'save them'.
Missing matchday income is a huge problem for Barca, but you are right that their way of operating was not sustainable at all. Covid was just a catalyst to speed things up.
It's an absolute joke that they're asking players to take wage cuts and deferrals to correct the mistakes of the club's controlling parties. They already took wage cuts during the covid outbreak, didn't they? It's ridiculous that they're still talking about signing players.
I'm just reading an article regarding Bartomeu and how he believes Barca's financial situation has nothing to do with him or the previous board.
Surely they can't get away from this all without some kind of punishment or liability heading their way?
Surely they can't get away from this all without some kind of punishment or liability heading their way?
Publicly putting pressure on players to accept a wage cut isn't on. In fact it is disgraceful.
I don’t want to hear ‘more than a club’ ever again. They’re a fecking shambles.
50m for Frenkie De Jong.
Test them.
Test them.
So we are in crippling debt and we got players to lower the wages. We will use some of that money to sign new toys and we will not sell any of our actual assets to ease this burden.
Bound to work
Bound to work
Laporta mentioned today that there is no chance they will sell 'players like Pedri, Fati, de Jong', not for more than hundred million euros...