Barcelona is drowning in debt ... 730 million euros is required immediately
The Spanish newspaper AS reported, late Monday, that Barcelona's short-term debts amounted to 730 million euros ($ 886 million), according to the club's financial report for the 2019/2020 season.
The short-term debt includes an amount of 266 million euros that must be paid to banks and other financial institutions that must be paid by the end of next June.
This amount also includes 197 million euros owed to other clubs in exchange for players included in Barcelona, as there are still 40 million euros to be paid to Liverpool in exchange for a contract with Brazilian Felipe Coutinho.
According to the Catalan newspaper "El Priodico", Barcelona is trying to obtain an additional loan of 100 million euros and is linked to the sale of a number of players in order to face the current crisis.
Barcelona had suffered from the financial damages resulting from the emerging Corona virus crisis, which eliminated tourist visits to its stadium, which has been empty of the masses since last March.
Barcelona expected losses estimated at 97 million euros for the 2019/2020 season, while the financial report confirmed that revenues declined by 14 percent on an annual basis.
Barcelona had been hoping that fans would return to the stadiums with an attendance rate of 25 percent by next February and 50 percent by May, before the end of the season, which is not likely to happen.
Barcelona is expected to announce today, Tuesday, a new date for the club's presidential elections.
Barcelona had informed the club's presidency candidates, Juan Laporta, Victor Font and Tony Frixa, of the club's financial numbers, before they were officially announced.
Barcelona fans are hoping that Messi will sign a new contract with the club before the end of his contract next summer, but the numbers revealed that players' salaries account for an estimated 74 percent of revenues.
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