Officially.. Barcelona announces the size of its foreign debt and the period of recovery from the Cairo crisis
Barcelona has officially revealed the size of its foreign debt after the closure of the financial year, which amounts to one billion and 350 million euros, with no cash flow to revive its treasury, explaining that the budget deficit reached 60 million euros, which puts the Catalan club in the worst stage in the world. history at all.
And the Spanish newspaper “Marca” quoted Barcelona President Joan Laporta that the financial losses amounted to 481 million euros in the 2020-2021 season, as the club lost 451 million euros due to property rights, and another 400 million euros due to legal procedures, which caused the debt to rise. year to one billion and 350 million euros.
Regarding the period of recovery from the Cairo crisis, and how to restore economic balance, Jaume Guardiola, head of the Catalan club's economic committee, said that the board of directors hopes to do so within six or seven months.
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