By Daily sports on January 26, 2021

Barcelona have released the club’s annual financial report, revealing considerable debt stemming from the coronavirus pandemic as well as the club's big-money transfers in recent seasons.

In the release, Barcelona revealed debt reaching €1.2 billion (£1.1b/$1.5b), along with short-term debt of roughly €730m (£648m/$886m).

The club’s biggest area of spending is its wage bill, an area of spending that represents 74 per cent of the club’s income. It’s a situation that, according to sources consulted by Goal, is quite worrying at the club, which has led to the negotiations to defer salaries since the outbreak of the pandemic.

Barca also owe a total of €126m (£112m/$153m) to other clubs, stemming from several transfer deals that the club has conducted in recent years.

The club still owes €29m (£26m/$35m) to Liverpool for the signing of Philippe Coutinho, €16m (£14m/$19m) to Ajax for Frenkie de Jong and nearly €10m (£9m/$12m) to Bordeaux for Malcom, with each requiring payments by June 30.

In addition, payments are due stemming from the deals to sign Arthur, which requires payment of €21m (£18m/$25m) to Gremio, and Arturo Vidal, which sees nearly €11 million (£10m/$13m) owed to Bayern. Vidal and Arthur, like Malcom, are not at the club anymore.

Helping offset that are several transfers that Barca are still owed money on themselves, including Zenit’s move for Malcom, Getafe’s signing of Marc Cucurella and Roma's deal for Carles Perez, with that number totaling €46m (£41m/$56m).

One further transfer-related payment is one owed to Atletico Madrid, stemming from the Antoine Griezmann deal.

As part of that deal, Barca struck a bargain to pay Atleti €10m for what is listed as “preferential rights” on its balance sheet, with that alluding to a deal that would see the Catalan club have the rights to match offers for Atletico Madrid players.

Barcelona ended the club’s 2019-20 campaign with a net debt of €488m (£434m/$593m), and the club has been negotiating a delay of those payments with its creditors, pointing to the impact that the coronavirus pandemic has had on the club’s finances

The club hopes to delay those payments until at least June 30 of this year. Some creditors have accepted that deferral, while the club remains in negotiations with several others over their payment schedule. (Goal)

•PHOTO: Barcelona players 

Source Daily sports

Posted January 26, 2021

Skipper Ibrahim rues away Wikki Tourists’ point jinx...

Man Utd's Shaw Out For Month With Hamstring...

Fenerbahce hold talks for Diego Costa

Ibrahimovic Signs New AC Milan Deal

Mikel backs Chelsea to be champions again

USA confirm Ghana friendly in July