Barcelona is in a frantic situation as their funds have been exposed with the club in genuine obligation and apparently at genuine danger of failing.
Latest financial figures show that Barca are at a debt of £1.1billion at whole. £648million of that is due in the short term while £236million has to be paid to banks by June 30.
The La Liga giants are ‘on the verge of bankruptcy’.
Reports highlight the fact that 74 per cent of the club’s revenues go to players’ wages while the league has an upper limit of 70 percent. Many reports also suggest the fact that most of the players including Lionel Messi, haven’t been paid their dues in January for the months from July to December as the players receive their wages twice a year. The wages are set to be delivered in February as per reports.
Barca still owes a lot of money to other clubs as well. Barca owe a total of £112million (€126m) to other clubs, the report indicates. They still owe £26m to Liverpool for the signing of Philippe Coutinho in 2018. Meanwhile, Ajax are due £14m for Frenkie de Jong while Bordeaux are owed £9million for Malcom.
Lionel Messi is also open to negotiations with non-Spanish clubs as his contract with Barcelona is up at the end of June 2021. It was no accident that Messi suddenly spurted out during a recent interview that one of his dreams was to play in the United States.
With Messi’s possibility to leave and the club under so much debt, it will be tough for the club to rebuild it with players that are capable of taking Barca back to the top, where they have enjoyed their tenure for a long span of time. It may not be surprising to see Real Madrid on top and also Atlético Madrid pushing ranks above the Catalans.
Barca, who suffered a 4-1 defeat against PSG in the round of 16 of the UCL are showing symptoms of a declination. It would be exciting to see whether Barca come out of this miserable situation in accordance to their stature.