Barcelona president Joan Laporta spoke about the worrying situation Barcelona finds itself in with €1.35bn in debt. The current President blamed the former President for the situation with salaries representing more than 100 percent of the income. He hoped that Bartomeu and his board will be held accountable for the current situation. This is Laporta’s second spell as President.
“Our salaries represent 103 percent of the club’s total income. That’s 20-25 percent more than our competitors.” Barcelona President Joan Laporta said. “The first thing we had to do when we arrived was to ask for a loan of €80m because otherwise, we could not pay the salaries. The previous regime was full of lies.”
“We also found that we had to do some urgent repairs to the Camp Nou because otherwise, it posed a risk to the attending fans,” he added. ”We also found out that the club had already received 50 percent of the TV rights fees in advance. We found the wage policy in the form of an inverted pyramid – veterans on long contracts and youngsters on a short deal. There were no wages cuts – lies.”
“We have found that disproportionate payments have been made to intermediaries, not even agents.” Laporta continued. “Barcelona has a negative net worth of €451m – it is a terrible inheritance. What has been happening is very worrying. Bartomeu’s (open) letter is an effort to justify management that is unjustifiable. It is an exercise in desperation. They are responsible for everything until March 7. They will not escape their doing.”
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