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 Post subject: Barcelona
PostPosted: Wed Jul 07, 2010 2:28 pm 
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Barcelona president Sandro Rosell has revealed the extent of the financial worries at the club, admitting the players' wages for last month have not been paid.

Rosell formally succeeded Joan Laporta as president last week and and has already sold Dmitro Chygrynskiy to former side Shakhtar Donetsk for 15million euros to alleviate the club's "liquidity problems".

That move came as something of a surprise as, even though the defender had struggled for first-team football, coach Pep Guardiola had stated his intention to hold on to him.

But Rosell explained in an interview with Sport his administration were forced to act, both with that sale and by seeking further funds from banks.

"We found a club in debt, with liquidity problems," he said. "At this point we have to take a loan to pay the wages of the players.

"The squad were supposed to be paid at the end of last month and still haven't been.

"We'll fix a loan of 150million euros.

"The banks know that we have a business plan that will allow them to recover the money.

"The club is not bankrupt because it generates income."

However, Rosell insisted the situation was not a reason to panic.

"The members shouldn't be afraid because it is under control," he said. "We must resolve this tension.

"It can be done in two ways: to have extra income, like selling Chygrynskiy, and/or taking a loan, which is what we have done.

"The previous board had already begun this process. We followed the same path - the same banks, the same target but with a different business plan.

"They (Laporta's board) also knew they needed this credit.

"We hope to sign it this week."

Asked how a club with a turnover of 400million euros could be in such a predicament, Rosell said: "It has spent more than it has made."

Despite the financial situation - and the purchase of David Villa from Valencia - Rosell insists there is still as much as 89million euros to spend on new blood.

"There will be 50 million euros to sign more players," he said. "This is the case every year. This is our plan for the future.

"Technically, as of now we have 50 million plus 15 for Chygrynskiy and 24 for (Yaya) Toure. In total, 89million."

That may not be good news for Arsenal fans, who hope to see their captain, Cesc Fabregas, remain in London.

With former Barca youth player Fabregas seemingly keen to return to the Nou Camp, it has become the summer's protracted transfer saga.

However Rosell, who is due to travel to South Africa shortly, where he hopes to meet with Gunners boss Arsene Wenger, wants the issue sorted as soon as possible.

"It's now or never," he said. "We'll do it fast. It won't be protracted.

"I'll try to see Wenger in South Africa, then we'll tell you what happens.

"We would not pay the 50-60million euros that I have read about.

"If Arsenal do not go crazy, he might play at Barca."

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 Post subject: Re: Financial Worries For Barca
PostPosted: Wed Jul 07, 2010 2:29 pm 
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Sandro Rosell has barely got his feet under the table at Barcelona, but the new Barca president already has the fine art of 'Bulls**t And Irritating Other Big Clubs' down pat.

Of the potential move for you-know-who, Rosell said: "It's a topic that has become so public and that's the worst thing you can do with a transfer, because it makes the selling club raise their expectations and you end up paying over the odds."

Really? The worst thing they can do? In that case, babbling Barca have been doing a pretty crappy job of sealing this deal for about five years now.

And even if he was simply complaining about the previous incumbent of his chair, that was slightly undermined by the fact he was talking on Catalan radio station RAC1.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Wed Jul 07, 2010 2:30 pm 
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Incidentally, in the story reporting the above quotes on this here fine website, the following line appeared:

'Catalans are renowned for their frugality and shrewd business sense.'

We'd love to say that we still reckon £40million plus Samuel Eto'o for Zlatan Ibrahimovic was a sound business deal, but given that later on in the story we also report on the sale of Dmitro Chygrynskiy for 15million Euros - a year after they bought him for 25 million Euros - we will admit that was probably an error.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Wed Jul 07, 2010 2:43 pm 
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Shrewd business sense that is having to borrow 150m euro's to cover player wages didn't they pay something like 24m euro's for the defender they've just sold for 15m euro's as well.

I don't think having a daily sports newspaper that is basically dedicated to Barcelona helps these negotiations as you're never going to keep it secret.


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 Post subject: Re: Financial Worries For Barca
PostPosted: Wed Jul 07, 2010 6:31 pm 
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hmmm yet Platini is oddly quiet.


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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 9:52 am 
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Amazed Barca are having to borrow, given how much they've been spending and threatening to spend... you'd have thought they would have tried to avoid debt given the strong squad they already had there. Not to be. Seems to be a new trend :rolleyes:

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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 10:12 am 
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conscience wrote:
Amazed Barca are having to borrow, given how much they've been spending and threatening to spend... you'd have thought they would have tried to avoid debt given the strong squad they already had there. Not to be. Seems to be a new trend :rolleyes:


They borrowed a bucket load of cash when Laporta took over and since he wanted to go into politics after he left Barca he wanted to leave looking like the saviour and god of Barca who made it all possible.

I've always had concerns over the finance down the years they've spent a lot of money without really bringing much in with transfer sales players going to Barca generally stay for life or at least until the contract runs out or are sold cheap. They don't have a sponsor either they actually pay unicef for putting the name on their shirt.


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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 10:45 am 
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JSP wrote:
They borrowed a bucket load of cash when Laporta took over and since he wanted to go into politics after he left Barca he wanted to leave looking like the saviour and god of Barca who made it all possible.

I've always had concerns over the finance down the years they've spent a lot of money without really bringing much in with transfer sales players going to Barca generally stay for life or at least until the contract runs out or are sold cheap. They don't have a sponsor either they actually pay unicef for putting the name on their shirt.

They used to earn a f***load of cash for TV rights. Not just in Spain but internationally. They possibly still will internationally but the Spanish system is apparently becoming more like the Premier League system.

You are right on the players front though.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 11:06 am 
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JSP wrote:
They borrowed a bucket load of cash when Laporta took over and since he wanted to go into politics after he left Barca he wanted to leave looking like the saviour and god of Barca who made it all possible.

I've always had concerns over the finance down the years they've spent a lot of money without really bringing much in with transfer sales players going to Barca generally stay for life or at least until the contract runs out or are sold cheap. They don't have a sponsor either they actually pay unicef for putting the name on their shirt.


Didn't know that about Laporta, nice of him to use them to further his own interests Typical politician. :hmm:

Yeah suppose it was because of their transfer spending - they always seemed to have a pot full of money when they went after a player they wanted, and the brilliant unicef thing that they do made me assume they were OK for cash... I assumed they have their own TV deal as well?

...it's true what they say about assumption lol. :rolleyes:

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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 11:17 am 
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Madrid take about £100m a season tv revenue i'm sure Barcas will be on a similar level.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 11:33 am 
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The spanish clubs have asked for a fairer deal while Barca & Real take home about £100m each everyone else is left scratching for pennies.

The league want to introduce a style similar to England, France & Germany where the deal is split more evenly through the teams which is only fair however Barca & Real will oppose it as the big players. This was highligted last season when Barca & Real were nearly 30 points clear of 3rd and the team finishing 5th went into administration.

They want some sort of balance and fairness as currently there's no point in trying every now and then Valencia or a few years back Deportivo get up there and challenge but they can't sustain it.


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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 12:43 pm 
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It is a terrible system, makes it a completely unbalanced playing field in terms of finances! A lot of Spanish clubs are in extreme financial difficulties too, I'm sure due in no small part to the existing TV rights setup.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 1:00 pm 
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Makes you wonder how Barca and Real have got away with it for so long... Surely the Spanish league clubs have some sort of say/vote on things?

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 Post subject: Re: Financial Worries For Barca
PostPosted: Thu Jul 08, 2010 1:17 pm 
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perhaps Barca need to be more successful


....no wait :blink:

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 Post subject: Re: Financial Worries For Barca
PostPosted: Tue Jul 27, 2010 4:47 pm 
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Extent of Barcelona's debt revealed by fresh audit

Barcelona had to take out a loan to pay player wages last month
A new audit into Barcelona's finances have revealed the club's debt is 442m euros (£369.5m) after a loss of more than 77m euros (£64.36m) last season.

The previous board, led by Joan Laporta, had announced the club was 11m euros in the black at the end of June.

But a new audit carried out by Deloitte for new president Sandro Rosell's team reveals a far less healthy scenario.

The news comes as Barca spokesman Toni Freixa said Arsenal are still refusing to negotiate the sale of Cesc Fabregas.

Fabregas has been the subject of a transfer saga which has run all summer, with departed Barca president Laporta and Rosell both left frustrated by Arsenal's tough stance.

Since having a 35m euro (£29m) bid turned down earlier this summer, Barca have made several attempts to speak to Arsenal, but Freixa says the Londoners are unwilling to budge.

"Arsenal don't want to sit down and negotiate with us. It's not a problem with the wishes of Cesc or of Barca - they simply don't want to negotiate," he said.

Fabregas, who still has five years to run on his Arsenal contract, has stated he would like to play for Barcelona, while Barca players such as Andres Iniesta, Xavi and David Villa have all publicly urged the 23-year-old to leave London for the Catalan giants this summer.

Still, along with Arsenal's unwillingness to enter negotiations, it remains uncertain whether Barcelona could afford what would almost certainly be a weighty fee for the Gunners playmaker.

The audit shows that Barca's costs in the 2009-10 season rose to £400m, with their income at £341.7m.

Barca also had to recently take out a loan of around £125m after falling behind with the payment of player wages at the end of June, while central defender Dymtro Chygrynskiy was hastily sold to Shakhtar Donetsk to raise much-needed funds for the club.

Nevertheless, Barca have already signed striker Villa this summer for £33.4m and are willing to spend as much or even more to bring Arsenal midfielder Fabregas to the Nou Camp, Rossell said earlier this month.



Think they might need a shirt sponsor next season? :lol:


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 Post subject: Re: Financial Worries For Barca
PostPosted: Tue Jul 27, 2010 4:57 pm 
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So even without the signing of Ibrahimovic they would of made a loss.

They could easily scoop £20m a yr sponsership as any sponser would get huge news for Barca deciding to take them on.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Tue Jul 27, 2010 5:01 pm 
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Slap in a 15m bid for Messi.


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 Post subject: Re: Financial Worries For Barca
PostPosted: Tue Jul 27, 2010 5:08 pm 
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idontfeardeath wrote:
So even without the signing of Ibrahimovic they would of made a loss.

They could easily scoop £20m a yr sponsership as any sponser would get huge news for Barca deciding to take them on.


I think they could beat our deal if they did do it but it will take a brave president to turn around to Unicef and say sorry we're not paying you anymore because (insert company) will give us £20m per year. It goes against their motto "more than just a club" and their ethical views on certain things gives them a certain smugness which annoys a lot of people but in cases like this is is commendable.

Depends what they want to put first financial success or being a noble institution up until a few years ago they didn't have anything on the shirt.

Laporta has covered a lot of spending up because he wants to go into politics hence why he tried to sign Fabregas and Villa before he left because previously he'd wanted to win the ECL at the Bernabue which would of made him a god.


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 Post subject: Re: Financial Worries For Barca
PostPosted: Tue Jul 27, 2010 5:14 pm 
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idontfeardeath wrote:
So even without the signing of Ibrahimovic they would of made a loss.

They could easily scoop £20m a yr sponsership as any sponser would get huge news for Barca deciding to take them on.


Staggering isn't it? Just mindblowing how they can spend like they do when they're so far in debt and it's getting worse. And you never know, they might do. They could certainly use the money.

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 Post subject: Re: Financial Worries For Barca
PostPosted: Tue Jul 27, 2010 7:51 pm 
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United should sell 'em debt management tips :2c:

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