𝑻𝑯𝑹𝑬𝑨𝑫
"FC Barcelona has no money"
"You can't register your players"
"How will you even bid for Haaland?"
Ignorant statements from all those who don't know the situation.
— FC Barcelona had an unsustainable situation due to Ex-President Bartomeu (🤬) and his policies
"FC Barcelona has no money"
"You can't register your players"
"How will you even bid for Haaland?"
Ignorant statements from all those who don't know the situation.
— FC Barcelona had an unsustainable situation due to Ex-President Bartomeu (🤬) and his policies
Barcelona's issues:
1. The Short term debt we had accumulated
1. The Short term debt we had accumulated
2. The wage cap imposed on us by La Liga.
1. Short term debt.
Debt is not good in any situation for an organisation - however Barcelona's issue was the crazy short term debt we had to pay.
We sorted out that issue by refinancing our debt from Goldman Sachs worth €525m.
google.com
Debt is not good in any situation for an organisation - however Barcelona's issue was the crazy short term debt we had to pay.
We sorted out that issue by refinancing our debt from Goldman Sachs worth €525m.
google.com
In addition you can see that other European clubs do have debt as well.
Again note: this is total debt - and not "NET DEBT", which is a seperate concept.
I'm not a financial or accounting genius, got most of my information from the brilliant thread below:
Again note: this is total debt - and not "NET DEBT", which is a seperate concept.
I'm not a financial or accounting genius, got most of my information from the brilliant thread below:
2. The La Liga wage cap imposed on us.
If you just look at Revenue - Expenditure, our losses were at €63m.
However to clear the books in the future, we included expenses such as amortisations and possible lawsuits (Neymar), etc that we could incur in the future — in 2021
If you just look at Revenue - Expenditure, our losses were at €63m.
However to clear the books in the future, we included expenses such as amortisations and possible lawsuits (Neymar), etc that we could incur in the future — in 2021
This meant that our total losses actually showed as €481m.
Far greater than the number of €63m.
Usually according to La Liga regulations, your wage cap = 70% of revenue.
Far greater than the number of €63m.
Usually according to La Liga regulations, your wage cap = 70% of revenue.
However because we had such big losses to clear our accounts in the future, our salary mass (Wages + Amortisations) is CAPPED at €98m.
Barcelona's salary mass before wage cuts and exits this season ≈ 430m.
This is significant cause we can never get our wages to €98m.
Barcelona's salary mass before wage cuts and exits this season ≈ 430m.
This is significant cause we can never get our wages to €98m.
Because of being over the wage cap limit we have to follow a rule of 4:1.
Which means if reduce salaries of €10m, you'll only get €2.5m of space on the wage bill to spend.
With Coutinho we got 50% of his space on the bill because he accounted for <5% of the total wage cap.
Which means if reduce salaries of €10m, you'll only get €2.5m of space on the wage bill to spend.
With Coutinho we got 50% of his space on the bill because he accounted for <5% of the total wage cap.
This is the main reason as to why we even struggled to register Ferran Torres.
It's because of the wage cap.
Barcelona has the money - it's just that at this point FFP is stopping us, especially in the January transfer window.
It will be better come the summer.
It's because of the wage cap.
Barcelona has the money - it's just that at this point FFP is stopping us, especially in the January transfer window.
It will be better come the summer.
Laporta and Alemany are doing their best.
Laporta said "we are back".
He's not dumb, he understands the finances of the club and the capacity.
Barcelona has the highest revenue of any club in the world.
Laporta said "we are back".
He's not dumb, he understands the finances of the club and the capacity.
Barcelona has the highest revenue of any club in the world.
Barcelona's wage cap will be free by the summer, as we have had a lot of exits, wage reductions.
If players like Coutinho, Trincao, Griezmann's sales go through, Barcelona could generate €110m from the 3 of them alone, again add more space on the wage bill.
If players like Coutinho, Trincao, Griezmann's sales go through, Barcelona could generate €110m from the 3 of them alone, again add more space on the wage bill.
For example if Haaland asks us for a €30m/year gross? We were paying Griezmann = €40m
Coutinho = €24m
Umtiti = €16m.
Let's not even count the amortisations of €24m of Griezmann and €30m of Coutinho per year
That is €118m /year only for Griezmann +Coutinho on wage bill
Coutinho = €24m
Umtiti = €16m.
Let's not even count the amortisations of €24m of Griezmann and €30m of Coutinho per year
That is €118m /year only for Griezmann +Coutinho on wage bill
Haaland or any other big money signing like De Ligt for example would not cost us anything close to that, cause the current board won't offer criminal salaries to players.
The salary cap is the main reason we couldn't possibly try to keep Leo Messi at the club unless he played for less than €10-15m, which is honestly insulting.
Pique and Busquets had to take wage cuts so Aguero, Depay & Co. could be registered in the summer
Pique and Busquets had to take wage cuts so Aguero, Depay & Co. could be registered in the summer
Without these two gentlemen our club may have never recovered financially and fallen into a deeper hole.
The work Laporta and Alemany have done is absolutely superb, and I trust these guys to get us back to the top once again.
WE WILL BE BACK!
The work Laporta and Alemany have done is absolutely superb, and I trust these guys to get us back to the top once again.
WE WILL BE BACK!
One last thing:
#TrustInXavi
#TrustInXavi
RT to spread the word and educate people.
I know it's already been done, but wanted to do it my way
I know it's already been done, but wanted to do it my way
Follow me, @kshitijshah23 for more Barcelona related tweets.
And check out @SwissRamble, superb page.
And check out @SwissRamble, superb page.
Also follow @Vishal_reddy_M, he really helped me learn and understand a lot of stuff in the past, hence could make this thread 🤝
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