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Twitter Thread Shows How Close Barcelona Could Be To Financial Ruin

Twitter Thread Shows How Close Barcelona Could Be To Financial Ruin
Eoin Harrington
By Eoin Harrington
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It's safe to say that Barcelona are in serious financial trouble. The Catalan club are currently at loggerheads with their own player Frenkie de Jong over unpaid wages and, judging by a spectacular Twitter thread from Wednesday, that may only be the tip of the iceberg for La Blaugrana.

Football writer Kristian Sturt broke down the financial situation at Barcelona this week and it does not paint a pretty picture for the club. Sturt even made a bold claim that the club could cease to exist in a matter of years if they cannot find a way out of the dire situation they are in.

The mismanagement of the club's finances is shocking to read, and raises serious questions about the future of the club.

FC Barcelona: Club at risk of financial ruin

For quite some time now, reports have persisted of Barcelona overextending themselves on transfer and wage fees. The five-times champions of Europe have suffered a mighty fall from grace in recent years, and their financial situation is so poor that it forced club legend Lionel Messi out of the club last summer.

One stark Twitter thread on Wednesday afternoon laid bare some of the numbers behind Barcelona's economic struggles. Krisitan Sturt broke down how Barcelona have ended up in such a dire situation - and the desperate moves they are making to try and wiggle their way out of trouble.

We've picked out some of the highlights and most shocking stats from the thread below:

In the 21/22 season Barcelona's salary limit was €98m. To overcome this players inc; Pique, Busquets and Alba took salary cuts. It's now MINUS 144m compared to Madrid's 739m. That means Barca will only be able to spend 25 percent of any savings they can make. The LaLiga director general Javier Gomez offered a bit more insight into the above stating: “Until [Barca] recover the net worth that they’ve lost, the only way they can spend is with the 1:4 rule, where if you save €10m, you can spend €2.5m."

Barcelona have also reportedly deferred wages, which they appear to be trying to negotiate to reduce. Frenkie de Jong may just be the tip of the iceberg.

At the start of the 21/22 season, Barcelona 'cushioned' their accounts meaning if they can get any fee for Umtiti, Pjanic & Neto it counts as direct profit. Cushioning accounts is a desperate sign.

Eduard Romeu [the vice president of Barcelona] has said the club need £427 million to save the club from its current mess. That amount would only half their total debt.

Barcelona still reportedly owes near £100m transfer fees on several different players.

They still have 2 players on over £300k a week, 8 players on over £200k a week & 17 players on over £100k a week.

AS have stated that Barcelona may have had to defer many of their players wages for the whole of June & that they plan to ask loyal players like Busquets, Pique, Alba and ter Stegen to take yearlong wage reductions for the second time.

The numbers above are stark and paint a grim picture for Barcelona. The club's situation has come into the limelight once again this week in light of the Frenkie de Jong transfer saga.

De Jong has been linked with Manchester United since the outset of the transfer window, but he is reportedly owed up to £17m in wages by his current employers.

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De Jong is said to be refusing a move away from the Camp Nou until he receives guarantees he will receive the outstanding salary. The economics of Barcelona are affecting their transfer dealings elsewhere, with sensational reports from German football journalist Raphael Honigstein suggesting that Bayern Munich refused an instalment-based payment for Robert Lewandowski, as they believed Barcelona will not exist as a club in two years.

The claim from Bayern Munich does not seem as ludicrous when you read the numbers behind Barcelona's financial mismanagement.

The club appear to be making desperate attempts to salvage the situation. They recently struck a deal to sell 10% of their TV rights for the next 25 years, and Sturt reports that figure may yet increase.

But the situation at Barcelona is increasingly volatile, and it looks like the club could be in trouble, if Sturt is to be believed.

It will certainly be fascinating to see how the situation at Barcelona develops, and if they can manage to stay afloat and competitive in the coming years.

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