Barcelona’s financial report reveals the club is in massive financial debt due to their many failed transfers and economic crisis brought on by the ongoing pandemic.

In the release, Barcelona revealed debt reaching €1.2 billion (£1.1b/$1.5b), along with the short-term debt of roughly €730m (£648m/$886m).

Barca also owe a total of €126m (£112m/$153m) to other clubs, it owes owes €29m (£26m/$35m) to Liverpool for the signing of Philippe Coutinho, €16m (£14m/$19m) to Ajax for Frenkie de Jong and nearly €10m (£9m/$12m) to Bordeaux for Malcom, with each requiring payments by June 30.

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Barcelona was hoping to be able to rely on the return of fans this season, with ticket sales expected to be a big part of the club’s financial bounce-back.

The return of fans was expected to make the club €56m (£50m/$68m) this campaign, with the club expecting a capacity of 25% in February and 50% from May onwards.

However, with no date in sight for the return of fans to Camp Nou, it appears that plan will not come to fruition, robbing the club of a major potential revenue stream.

Source Link: Barcelona financial report reveals €1.2 billion in debt that includes money owed for Coutinho, De Jong and Arthur

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