The president of Barcelona, Joan Laporta, has confessed that the club is in a worse financial situation than he expected, with the giants of La Liga in trouble and hinted that things must change. The club has managed to sign four players this summer, including the moves of Sergio Agüero and Memphis Depay.
With Barcelona supposedly with a gross debt of 1,200 million euros, it has affected the club enormously and it has cost them to get ahead in a world without fans. Yet despite their gross debt, the La Liga giants have somehow managed to keep signing four new players, including Memphis Depay and Sergio Agüero. However, all of his moves have been free transfers with the club struggling to pay transfer fees thus far.
However, they have reportedly been linked to a move by Aymeric Laporte, but in light of the rumors, Joan Laporta has revealed that Barcelona’s debt is even worse than he initially thought. The Barcelona president further admitted that his team must be cut with salaries and he will see the club struggle in the future.
“The club is worse than I expected, and I knew it was getting into a difficult situation. There are contracts that determine how much we can do. There are things that need to be explained.” [by the previous board] and I do not rule out taking some kind of action. We will explain everything to you because otherwise we will be accomplices, “Laporta told La Vanguardia.
“We have come across a team with old-fashioned contracts and we will have to decide what to do. Existing contracts can be changed or restructured. After that, there are more drastic measures that we hope not to have to take.
“But nothing is ruled out if it is for the good of the club. Between salaries and amortizations, they are about 650 million euros.” [annually], which is more than the club’s income. These salaries are out of step with the current market, ”he added.