FC Barcelona – La Liga Annual financial report released
EFE
IThat has been known for a while Barcelona are at a scorching time economically, and the publication of their annual financial report bluntly confirms that.
The salient point of the document is where the club’s obligations are listed as they amount in aggregate 1.173 billion euros, and a short-term debt of approx 730 million euros.
This figure is broken down as follows: EUR 265 million in debt to credit institutions, EUR 2.5 million in bonds and other marketable securities, EUR 164 million in debt to sports personnel and EUR 298 million in other debts.
Barcelona closed the 2019/20 season with a net debt of 488.4 million euros and the club is negotiating a postponement of those payments with its creditors due to the impact the coronavirus has had on its accounts.
The club hopes to be able to delay those payments until at least June 30, 2021 and, while some creditors have approved an extension, Barcelona continue to negotiate with others about deferred payments.
Another striking detail in the document is the expected income from port receipts, which Barcelona hoped to rely on this season, but at the moment does not seem feasible in the short term.
Barcelona expected this campaign to earn 56 million euros with a capacity of 25 percent in February and 50 percent from May, although that does not seem likely now.