I think the major issue is that you have basically asked for an advance on future earnings of TV rights and possibly the studios and the merchandise. Then instead of being mature about it, it's like a kid who just won the lottery and instead of investing wisely, you have blown it on short-term solutions like Lewandowski who has zero resale value.
If it was a tech start-up, the investors would be pissed off. But since it isn't and it's fan-owned these 'value 'buys' are purely to give the fans a short-term lift. It's populism at its best.
But basically, you are doubling down on things. Fixing a shitting problem by creating different problems.
As to covid and its impact; how come it's only Barca out of the major clubs that have to get an advance on their future earnings? Bayern, Liverpool, and as shitty run a club United is, we did either -- though the LBO that the Glazers employed to buy the club was a form of that. But nevertheless, we didn't sell any of our tv rights to stay alive.
Its wreckless what Laporta is doing. It's like from near terminal, the club instead decided to party like it 1999. Its like people who have had head trauma -- the euphoric and almost giddy feelings they feel before the blunt force trauma does it death knell on the patient.
The Covid-19 was a reference to the salary cap. The English clubs did not have to adjust their allowed salaries depending on their short term income which Barcelona had to do. There is no argument over the fact that Barcelona by far has mismanaged their finances the most.
I'm an economist and I cannot see that your prophecy about Barcas future death is especially well grounded. You are basically saying that LaPorta doesn't know what he is doing and that it is easy for you to tell. Well let's see how it turns out the next decade to come. There are no such thing as zero risk at elite football level but It feels a lot better spending 120m on Raphinha and Lewandowski than 400m on Coutinho, Dembélé and Griezmann.
Lewandowski can have three years in him on absolute top level and Barca must be in the competition of titles every year in order to make money. Just reaching the quarterfinals in CL two years in a row is worth as much as the buy of Lewandowski and then his wage is 200K less a week than a 37-year old Ronaldo.
Lewandowski was a perfect buy and Barca already have 9 players (7 from La Masia) under 22 years of age that could be starting players
Araujo 23 (50m market value)
Erik Garcia 21 (20 m market value)
Serginho Dest 21 (20 m market value)
Pedri 19 (80 m market value)
Gavi 17 (60 m market value)
Nico 22 (20 m market value)
Ansu Fati 19 (60 m market value)
Ferran Torres 22 (45 m market value)
Riqui Puiq 22
Add to that a handful of top class players around 25 years of age with market values hoovering round 30m-60m.
If De Jong can stay it is even better.