Barcelona lack money on salary

Barcelona lack money on salary

Economist Mark Siria spoke about the difficult financial situation in Catalan Barcelona regarding the payroll.

We've heard for a long time about the difficult times of Barcelona due to lack of funds. During the spring quarantine, the club tried as much as possible to reduce the payroll and minimize the costs of the basketball and women's teams. At the same time, the Catalans signed Sergino Dest in the summer for 21 million euros, Francisco Trincao for 31 million and Matheus Fernandes for seven. This is not counting the transfer of Miralem Pjanic, where there was an exchange for Arthur with an additional payment from Juventus.

Blaugranas sold in the summer only to Nelson Semedo (31.5 million euros), Marc Cucurella (10 million euros), Carles Perez (11 million euros) and Abel Ruiz (8 million euros).

Overall, Barcelona remained marginally positive in terms of buying and selling profits. But at the same time, Philippe Coutinho and Ousmane Dembele are listed in the club with decent salaries. The latter is not included in the plans of head coach Ronald Koeman, but so far Blaugranas cannot sell him.

Because of this, financier Mark Siria, who worked under former President Joan Laporte, spoke about the club's financial situation,

“The club is using a 30-year loan taken to finance Espai Barca, which is clearly overpriced, to pay salaries for this year.

Goldman Sachs doesn't mind as it gets 3-4 percent on the loan. But if Barcelona doesn't pay, Goldman Sachs will knock on the door. The question is what will happen if the debt is not paid: will the club's assets be taken away? The stadium? Because the conditions for loans from investment banks are much stricter than from traditional banks.

This could be another knock on Josep Bartomeu's door. The incumbent president has already received a vote of no confidence due to the required number of collected votes. Therefore, ahead  of the presidential election, the competitors are trying to get rid of the current head of the club so that he personally leaves his post.

Mark Siria's words can be an additional argument for the upcoming resignation of Bartomeu, since questions about payroll rarely pop up in the information space. This can only mean the inevitable departure of the president, if such data already appear on the network from people who know about the insides of the club.