Leeds United were declared formally insolvent with debts of £30 million
|
|
|
First Team
It’s happened to big teams before the they’ve struggled financially for a while. I’m not suggesting they become Barcelona fcOriginally Posted by Steveo
As I said I shudder with worry for them.
They are possibly facing some ramifications for being the livery for the failed Catalonia independence push but they should just about manage to survive.
Just.
First Team
Leeds United were declared formally insolvent with debts of £30 million
First Team
the scale of the mess is described well here
Rowdy Yates
So - what changed since 2015…?
https://hbr.org/2015/06/what-makes-fc-barcelona-such-a-successful-business
This certainly didn’t help.
https://www.goal.com/story/behind-the-barcelona-chaos-catalan-club-matters-beyond-football/
I am sure the resident experts on how to ‘run’ a club will have all the pertinent answers.
Squad N0 1
No wonder Guardiola had absolutely no interest in going back there.
Be interesting if he did though, to see just how good he is when he isn’t in a position to hoover up all the best players in his own league and Europe’s elite.
He wouldn’t do it though.
Rowdy Yates
They are the national team and flag bearer of Catalonia (it’s failed independence attempt) and all the associated dread that holds for Spain and the EU. It’s quite obvious that their situation is far more complicated than some on here would have us believe.
First Team
There are subtle intricacies to their issues, but it boils down to a couple of things really.
Loss of match day revenue during the Pandemic on a 99,000 seat stadium is an obvious one. But their museum generates over €50 million in revenue per year as well. Then their soccer schools generate over €15 million per year too and all their retail outlets. During the Pandemic the cash flow dried up.
Then their wage bill is beyond bloated. Messi is on €100 million per year which is absolutely nuts - we're talking about ten times Salah's wages there. Most football analysts will say that about 60% of revenue going to wages is a "high" but manageable/healthy level. In La Liga there's a salary cap, which is 70% by the League's rules. which has a salary cap, sets a maximum of 70% by league rules.
Barca have been in the habit of dabbling super close to 70% in "normal" circumstances, but with the sudden drop in revenue they're going to end up over threshold.
The question is, will La Liga do anything about it to punish them? One suspects not because Barca are deemed so commercially important to the League, but Real Madrid are unlikely to let that slide, so you never know.
Barca have managed to get roughly €80 million per year off of their salary bill, yet they are still projected to exceed the League's salary cap.
Should have sold Messi a few years ago as far as I'm concerned, not to mention that Griezmann, Coutinho and Dembele haven't been the most intelligent of purchases - and were with the aim of keeping the very man they have "over-built" around happy.
First Team
Perhaps the people who wrote the article about their success don’t understand economics and are unable to take a long term view?
What do you think has changed? I don’t think Grieznann was earning 800,000 euros a week in 2015
First Team
What would some on here have us believe? Has anyone said that their symbolic cultural status in Catalonia doesn't exist? Why not say what your analysis actually is, rather than making sideways snipes.
Their player wage bill is thought to be 110% of income. That is the result of decision making in the club hierarchy. It is going to cause them massive problems, verging on ruin. In what way is that untrue?
First Team
The French league clubs are now experiencing severe financial problems as a result of over ambitious investment and the arrival of Covid lockdowns
The clubs are £400 million down on last season
Sir what is going on.. things is not going according to plan. u promiss early signing. noting happen. Man u 3 player now
Posting Permissions
Bookmarks