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Bartomeu responds to Laporta’s accounts and figures the influence of Covid at 225 million

Bartomeu responds to Laporta's accounts and figures the impact of Covid at 225 million

Josep Maria Bartomeu issued an announcement wherein it questions a few of the financial standards utilized by the ‘due diligence’ offered final week by the present CEO of Barcelona, Ferran Reverter, who described as “disastrous and improvised” the administration of the earlier assembly. The previous president and his board of administrators estimate the influence of Covid-19 on the accounts of the Barça membership at 225 million euros in the course of the 2020-2021 season.

In line with Bartomeu and his workforce, to find out what the true incidence of the pandemic has been within the membership’s coffers, the rules of Royal Decree 1162/2020, of December 22, should be adopted, which establishes particular circumstances for making use of the regime. compensation of ensures on sports activities firms, to face the influence of Covid-19.

And that establishes that “for the purposes of calculating the amount of the guarantees Negative economic results will not be considered in the years affected by Covid-19, the negative variations in the accounting net worth of professional clubs directly linked to the economic impact of Covid-19 “.

Following these tips, the outgoing board understands, due to this fact, that “the most objective formula” to calculate this lower in revenues within the 2020-21 season is to match them with these obtained within the final season closest to the time when there was no Covid, that’s, 2018-19. From one season to the subsequent, Camp Nou revenues fell by 187 million; commercials, 57 million; these of the media, 16 million; and people obtained by the switch of gamers, 70 million. That’s, Barça stopped getting into 330 million for these ideass.

As well as, the be aware figures the discount in bills because of the pandemic at 105 million, and never at 125 as the present board mirrored in its audit, since Bartomeu and his administrators contemplate that there was additionally a rise of 20 million in spinoff monetary prices. of the pandemic. Due to this fact, the Covid influence of the season could be 225 million euros.

The communiqué additionally qualifies some interpretations concerning the 263 million provisioned by the Laporta board: 79 of them correspond to pending litigation and one other 24 million, in precept, “to a non-payment of the contract by Nike, sponsor and supplier with which it is already negotiated so that, within the probable agreement, this money, or part of it, they can be returned as a benefit, “says Bartomeu.

The earlier assembly stops extra extensively within the 160 million recreation because of the deterioration of some gamers within the squad: “This reclassification and valuation accepted by the auditor, although atypical, is lawful, but the responsibilities and derivatives are assigned to the manager that executes them. Both for losses and gains, if they occur, when the transfer is made. “

“In this sense, it is striking that in budget 21-22, in the transfer profit items there is an increase of 25 million (44% more) where they already stand out Griezmann and Trincao operations closed between July and August 2021“, provides the be aware.

Very totally different with out Covid

Because of this, Josep Maria Bartomeu and his board contemplate that the results of the accounts for the 202-21 season would have been “very different” if the Covid had not existed and solely the same old provisions had been utilized, with out atypicals, sustaining the identical credit. fiscal indicated within the audited accounts.

Particular, They estimate that the 555 million losses final 12 months (481 million after taxes) would have been solely 50 million after taxes if the pandemic had not existed. And it’s that these 555 million must subtract the 225 of the COVID influence, the 263 million of the atypical provisions and the 17 million of tax credit, in accordance with the factors of the earlier administration workforce.

The assertion additionally remembers that the present board of administrators has superior the accounts to the commissioning members informing them that the membership’s web debt as of June 30, 2021 is 680 million euros. And that, bearing in mind that the whole investments made within the improvement of the Espai Barça is 122 million euros, the adjusted debt is 558 million euros.

“The data will serve to deny the interpretations and information that have erroneously used the figure of 1,350 million of net debt, and that, as it is clarified in the audit notes, The club continues under the accounting principle of ‘Running Company’, and in no case of risk of liquidation and dissolutionn “, Bartomeu and his workforce specify of their presentation.

“And to finish, we agree with the current board of directors, that despite the terrible impact of Covid-19 in the last 18 months, the club is alive and has assets, brand, land, content, story and support from our sponsors, entities financial institutions, suppliers, employees, partners and culés of the world to get ahead successfully and reinforced from this difficult stage. Visit Barça! “, conclude the previous president and his board.

Reference from elmundo