La Liga – FC Barcelona Annual financial report released
EFE
IIt’s been known for some time Barcelona economically speaking in a difficult time, and the release of their annual financial report confirms this outright.
The striking point of the document is where the club’s obligations are listed, as they stand. 1.173 billion euros, and a short-term debt of approx. 730 million euros.
This figure is divided as follows: 265 million euros to credit institutions, 2.5 million euros to liabilities and other negotiable securities, 164 million euros to sports staff and 298 million euros to other debt.
Barcelona ended the 2019/20 season with a net debt of 488.4 million euros and the club is negotiating with its creditors about the delay in payments due to the impact the coronavirus had on its accounts.
The club hopes to be able to delay payments until at least June 30, 2021, and although some creditors approve the postponement, Barcelona continue to negotiate with others on deferral of payments.
Another striking detail in the document is the expected revenue from gate receipts, which Barcelona had hoped to be able to support this season, but at the moment it does not seem feasible in the short term.
Barcelona expected to earn 56 million euros in February with a capacity of 25 per cent in February and 50 per cent from May, although this does not seem likely now.