Barcelona’s debt continues to rise

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According to a survey, Barcelona’s debt continues to rise and now stands at around EUR 1bn (£ 890m). This financial year, the Catalan club was supposed to crack the € 1bn income barrier, only for the coronavirus pandemic to blow those estimates off course.

La Vanguardia says that Barca is now seeking to stave off insolvency as they owe creditors a near-ten-figure-sum. It is alleged that within the next 12 months, EUR 420m (£ 376m) of that debt must be repaid, making it the highest priority for the next president of Barcelona, with elections scheduled for later this month.

Each candidate has agreed that the wage bill of the club must be cut, although, in the winter and summer transfer periods, incoming activity is impossible.

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