Barcelona FC financial crisis deepens

Barcelona FC financial crisis deepens The club is confident this issue can be resolved and has promised the players that the payment will indeed be processed in February – two months later than scheduled.
Football
January 26, 2021 17:10
Barcelona FC financial crisis deepens

This week's Barcelona news has been dominated by the club's precarious financial position, and it has now been revealed that the players have not yet received payment due in December.

Cadena Cope's report has revealed that the club was unable to process the salary payment for their squad in December. However, the players have agreed to a temporary salary reduction at the club's behest.

The club is confident this issue can be resolved and has promised the players that the payment will indeed be processed in February – two months later than scheduled.

Interim club president Carlos Tusquets had previously given a wide-ranging interview to Catalan radio station RAC1, with quotes carried in full by Marca, claiming that the club was unable to pay players for their pre-agreed January salary.

Notably, the club's debt reached €1,173m, with €730m of that sum due in the short term, while €266m is owed to the banks by 30 June, of which €90m is owed to Goldman Sachs.

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