Barcelona lends heavily indebted future to quick resurrection

0

debt crippled And the establishment of a team No longer among the top flight in Europe, the management of Barcelona decided that there was only one The alternative after seeing Real Madrid win many big prize last season.

she chose to double and spend and spend.

Barcelona will enter the season with instant hopes of victory after adding striker Robert Lewandowski, defender Jules Conde and winger Rafinha to an uneven squad. promising youth and many undesirable players.

But the three contracts for more than a combined €160m ($163m) – making it Europe’s first clearing spend – it’s an even higher cost that will weigh on me over the next quarter. century.

With Barcelona on the verge of ending last season with a financial loss for the fourth year in a row Neither of the money I’m spending on transfers and club president Joan Laporta has taken the only way to bet to save the team and calm down His seemingly unstoppable slide to mediocre was his future pawn.

After receiving approval from club members Barcelona, ​​Laporta’s board sold 25% of the Spanish league TV rights for the next 25 years for 667 million euros. The club quickly uses it in cash to make a splash in the transfer market.

“It’s true that I would have preferred not to have to sell a percentage of this week,” Laporta said from New York, where Barcelona finished their pre-season tour of the United States. But the situation was complicated And we had to be brave and make decisions Because football waits for no one And our fans who They are used to winning, they deserve Barcelona to compete. “

The Catalan club’s shopping spree may not be over. Sold 25% of the capital of Barça Studios Production Center for an additional 100 million euros on Monday.

The club has pledged one-third to pay out this much-needed income to new players, one-third to save and one-third to pay off the debt which, despite efforts to achieve this, still stands at €1bn.

the sacrifice of future revenue comes after Barcelona sold the Camp Nou naming rights. Europe’s biggest football The stadium will be named after audio streaming service Spotify, as well as Barcelona’s shirts in the season opener against Rayo Vallecano on August 13.

Laporta, who I inherited from a debt taboo club When he returned to power last year, he also remained a strong supporter of Madrid President Florentino Perez’s plan to create the Super League.

But even the Spotify deal and the dismissals of Lionel Messi, Luis Suarez, Philippe Coutinho and Antoine Griezmann for next to nothing in return in recent years have proven enough to balance the books.

The mismanagement of former president Josep Bartomeu combined with the influence of the covid-19 pandemic, has left the club burdened with a huge debt of more than 1.3 billion euros and the biggest wage bill soccer.

Along with Barcelona’s financial difficulties, as expected, comes the downfall of a team.

Barcelona haven’t won The league moniker in three seasons went on to win eight of 11. Previous team They haven’t won the European Cup since 2015, when they won the Champions League for the fourth time in a decade. He. She didn’t win anything last season after Messi left for Paris Saint-Germain.

Finally, mighty Barcelona have become known for their economic chaos, scandals in which Bartomeu has been embroiled despite his denial of sin, his inability to retain Messi, as well as humiliating defeats including the historic 8-2 loss to Bayern Munich. .

Laporta criticism It was only fitting that Barcelona announce the reduction of their second TV rights package as the team trained in Ahead is Las Vegas of the ‘classic’ Friendly against Madrid which Barcelona won 1-0. for some, like former England player Gary Neville, the auctioneers lost TV rights under the Going for Smashed attack.

“Barcelona are still looking for the Premier League? That is why! Desperate club (1.2 billion pounds) in debt. Rolling dice stuff with club giant ANeville wrote on Twitter.

Laporta maintains that he had no other choice: it was only the alternative: more losing, less supporters. Incomes go down.

the pressure at home The need for unprecedented action in June, Laporta told his club member teammates that when he was taken care of after winning the club’s elections in March 2021, the team was on the brink of bankruptcy.

“We were unable to meet the payroll. We were clinically dead. We’ve restructured our debt, cut expenses and cut players “Wages are huge, but still not enough,” Laporta said. new revenue and dead missing sponsors At ICU, now we can finally get it back To live a normal life (after selling the TV rights).

Yet even in The best analysis is the decision It is painful.

“From a financial point of view, all good news when you sell assetsEconomist Mark Seria, who in 2015 was part of the presidential failure led by Laporta, but no longer has any connection with the executive , said the Associated Press.

“Barcelona spent (nearly) 125 years getting the inheritance, and the TV rights as well as one of the small assets. That’s the guarantee of increasing the value. and it’s also clear that Barcelona, ​​for its condition, she can’t handle another season like the last one.”

Seria calculate that Barcelona have sacrificed at least €1bn, not even counting inflation with €41m this season, in future TV revenue in exchange for €670m now.

But, for Syria, the biggest threat to the sustainability of Barcelona’s players’ wage bill is swelling. calculated that just To break the club this season, I will have to reduce His salary is 450 million euros. It stood at €518m before the latest signings which also included free agents Frank Casey and Andreas Christensen.

Barcelona are also under pressure to cut Burden’s wages so they can meet Spanish league financial rules and be able to register new player rosters so they can play games.

Dani Alves, Adama Traore and Luke de Jong left everything After completing their contracts, but including the players under contract, he has an agreement to transfer Oscar Mingueza to Celta Vigo and loaned out Clement Lenglet and Francisco Trincao.

Barcelona want Frenkie de Jong to accept a move to Manchester United or a pay cut. Martin Braithwaite, Samuel Umtiti and Ricky Puig have all been left out of the Barcelona squad for The Flight to the United States and the club wants them gone.

Last season, Barcelona failed in the Champions League group stage for the first time in two decades. a distant second in Spain to Madrid who also won the European Cup to increase frustration among Barcelona fans.

The additions of a world goalscorer in Lewandowski, the best young centre-back in Conde and the torch in Ravenha should provide coach Xavi Hernandez What he needs to improve is a squad that includes Spanish midfielders Pedri Gonzalez (19) and Jaffe Pez (17).

But a year after Messi’s wife handed him a handkerchief and he cried as he said goodbye to the club Help him make it great Barcelona are at a crossroads where the only two ways forward are renewed or declined .

Share.

Comments are closed.