Tuesday, January 12, 2021

BARCELONA BECOME THE FIRST CLUB TO HAVE A DEBT OF ONE BILLION POUNDS.

  Barcelona have now become the very first football club to have a debt of one Billion Pounds.

 A few things were responsible for this , after Barcelona sold their Brazilian striker Neymar,to P.S.G for a record  fee of 198, one hundred and ninety eight million pounds, the prices of a average footballer had shot up over the roof, and good footballers were costing well over a hundred million pounds.. And they had to buy a striker to replace Neymar and to buy Antoine Greizmann  they took a loan as well. and that was 2018.And he has not done well to justify his wages and price.

 Clubs like Barcelona, which is the only club in the world, to play champion league every year will have to buy good players that means good salary to. Now Barcelona are by their bye laws  could not spend over 70 percent of their income on players.

 Now with the Corona virus, there are no attendance, no sale of items at their shops,no visitors to their museums and trophy rooms , and no canteen money also. Barcelona made a budget  but the virus affected it as it was planned to allow people in the stands in December , we are in January and no crowds at the stadium.

 Barcelona have a run away deficit of 400  million Euros as well.

 The new president of Barcelona is in for a very tough time indeed.

 If Barcelona ad Real Madrid are having hard time what abut clubs like Eibar?

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