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The keys to the economic ruin of Barcelona | LaLiga Santander 2020

 The keys to the economic ruin of Barcelona |  LaLiga Santander 2020

LaLiga Santander 2021 – 2022

Laporta reveals that the present debt of the Barça membership quantities to 1,350 million euros and accuses Bartomeu of eager to keep away from his obligations.

Laporta, at a press convention.LLUIS GENEAFP
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The Barcelona is at a boundary level. “The debt is 1,350 million euros. More or less broken down, they are 673 million of bank debt, 389 with the players, either due to commitments made by signing fees, loyalty fees or termination of contracts, plus deferred salaries, 56 for commitments Espai Bara, 90 million for litigation in which it is expected that they will not estimate our claims, the 40 million subscribers that we will not collect this year and about 69 million in advance of 50% of the television rights of the League “, defined the president, Joan Laporta. “The challenge is very big, but it does not scare us, because we will be able to reverse the situation,” he stated.

His press convention lasted simply over two hours. The numbers and the open letter from his predecessor, Josep Maria Bartomeu, had been the nice protagonists. Within the case of the previous president, the present high chief didn’t hesitate to emphasise that his letter was stuffed with lies and he denounced that it’s an try to keep away from obligations that he doesn’t intend to consent to. “It is the reaction of a people who has led the club to ruin. It is clear from his letter that he knows that there are irregularities in his management “, Laporta added. And as for the figures, how did this determined financial scenario come about? Based on his intervention, they will no less than establish 4 key factors.

A disastrous sports activities coverage

From Laporta’s perspective, the administration of the sports activities space has left a lot to be desired. Most particularly, from the infamous escape e Neymar to PSG, in the summertime of 2017. “Bartomeu says sports salaries soared to compete with state clubs and with the Premier League. And it is not true. Yes it is true that sports policy has been disastrous in recent years. Above all, since the sale of Neymar for 222 million euros. They were spent disproportionately and at the speed of light. That drove salaries and amortizations, and that is where we are now. The sporting policy has been wrong, the proof is that sportingly we have not done well in recent years. I think should have been believed more in La Masia and make more proportionate investments, with more logic, “he argued.

A pay reduce that wasn’t

“The salary cap policy with the League has also been very erratic. For the 2020/21 season, the cap was 237 million, and it was approved with a mass of 417 million, which without reductions with deferred payments was higher than 600. We are dragging all that and The League considers us a non-compliant club. Now, we have been affected, because the League, in its first letter, only allowed us to register a staff with a salary expense of 83 million euros “, Laporta abounded who additionally recalled that the earlier assembly did not made no discount in that wage invoice. What he did on this case was, as they are saying, cling the useless man on the subsequent man. context of transfers and incorrect sports activities wage coverage, which additionally generates many damages for the entity. The pyramid was reversed: veterans have lengthy contracts and younger individuals have quick contracts, and that makes negotiation very troublesome. The discount of 68 million was not such, it was to defer the fee, as a result of we discover several types of premiums included within the contracts, “he added.

Split contracts and falsehoods

The Bartomeu board, as Laporta explained, also came to split several contracts to avoid any type of inspection. “It was all a part of a modus operandi administration that bypassed all inside and meeting controls. Payments had been break up, like these of I3 Ventures, often known as Baragate, or Espai Bara, and the debt contracted was additionally divided, in order to not undergo the meeting, “he denounced. Also, around Espai Bara, as he explained, there were also multiple irregularities.” In Espai Bara, the eighth level of the Bartomeu’s letter, we discover one other sequence of lies. First, that it’s primarily based on a sequence of falsehoods, there’s a lack of knowledge and a scarcity of transparency. Greater than 12,000 members needed to go from the primary to the third tier. Neither is it reported that reworking a stadium with an everyday attendance of 85,000 individuals is sophisticated and entails unaffordable dangers and bills. The mission is undervalued, in lots of video games. The stadium Johan cruyff, for instance, it was budgeted for 4 million euros and price 20, “he noted.

The milkmaid’s bill

According to Laporta, the previous board calculated a budget for the 2020-21 season of 1 billion euros, but it did so based on a series of assumptions that were almost unrealizable. Very especially, in relation to the Bara Corporate. “It talks about some letters of intent from traders ready to execute on account of 49% of sure rights. After all, if this occurred, and the Tremendous League, and CVC … it’s the milkmaid’s account. You already know badly {that a} Bara president breaks the confidentiality of some contracts and implies that the membership generates lack of seriousness. We’ve got analyzed the letters of intent from every of the traders proposed by Goldman Sachs and have come to the conclusion that none had been acceptable, “he stressed.”Let him say that signing with CVC would have been fastened, it’s not true. It represented mortgaging the Bara’s audiovisual rights for half a century. All this demonstrates the short-term imaginative and prescient that Bartomeu’s board had, plugging holes within the quick time period even if you happen to mortgage the long run. That is how we’ve been and that’s the reason the inheritance we’ve is disastrous and the monetary scenario is dramatic, “he stated.