Barca resolve ‘terminal’ financial crisis

0

Barcelona president Joan Laporta has praised the club’s board for saving the Spanish giants from their ‘terminal’ financial situation.

Laporta, who returned as Barca president in November 2020, said they were ‘still working’ to reduce the club’s debt and balance the books, but added the club were in a much better position compared to His arrival.

– Stream ESPN FC Daily on ESPN+ (US only)
– You don’t have ESPN? Access immediately

“When we arrived over a year ago, the club was in a terminal [financial] situation,” Laporta told reporters. “We restructured our debt, we saved on financial costs, we controlled our expenses and we increased our revenues.”

Laporta said in August that his board had inherited a debt of 1.35 billion euros, meaning Barca were unable to register a new contract for legend Lionel Messi , who joined Paris Saint-Germain as a free agent last summer.

Barca finance vice-president Eduard Romeu says the wage bill is €560m, nearly double that of Bayern Munich and €160m more than La Liga rivals Real Madrid.

The Catalan club will hold an assembly on June 16 in a bid to get permission for several financial moves to boost Barca’s economy.

“If these financial operations are approved by our members, it will be good news for us,” said Laporta. “We will balance our books sooner than expected.”

Laporta said he hoped to extend the contract of young midfielder Gavi, whose contract was due to expire next summer.

“We are optimistic,” Laporta said. “Obviously we want Gavi to continue at Barca.”

Gavi, 17, made 34 league appearances for Barca last season and became Spain’s youngest goalscorer after scoring against the Czech Republic in a 2-2 Nations League draw last weekend .

“We are close to reaching an agreement,” Laporta said. “It’s more special for us because it [Gavi] comes from our youth ranks. We want Gavi to stay. The player and his agent want it too.”

Meanwhile, winger Ousmane Dembele, who is a target for PSG and Chelsea, has failed to respond to a contract offer from Barca, with his contract expiring this month.

“Ousmane received a renewal offer from us and we don’t know that he accepted it,” Laporta said.

Source: espn.co.uk

Share.

Comments are closed.