Well, yes Bob

Fun thought:

The new president at the Nou Camp, Sandro Rosell, has said there is a need to restructure the club\’s debt and even borrowed more money to pay the players\’ wages.

Silly man. What, restructure the finances, win La Liga and the Champions League, increase income and expect to get out of the financial woes that way. Surely not.

What Barca need is George Osborne and his buddy Danny Alexander in charge. They would wipe out all the debt within a single season, no problem. Sell Lionel Messi, Xavi, Iniesta, Villa, Abrahimovich, Puyol, Alves and Piqué. Simple, eh?

But then this is the problem with mutuals (Barca is owned by the fans).

When things do go tits up there\’s no external provider of capital.

4 thoughts on “Well, yes Bob”

  1. But the whole point about Barca’s debt is that it is not, in the present circumstances at least, unsustainable.

    Ours is.

    Meanwhile, clubs like Man U, Liverpool and Arsenal have found themselves unable to compete with the likes of the Spanish clubs in the transfer market because, yup, they are up to their eyes in debt which they must service before everything else.

    Real Madrid were in this position a decade ago and they did find an external provider of capital – the Madrid city council and regional government, who bought their training ground in a cosy £200m deal.

    No such sugar daddy waiting round the corner for John Q. Taxpayer, sadly.

  2. But the whole point about Barca’s debt is that it is not, in the present circumstances at least, unsustainable. Ours is.

    Only in the eyes of crazed monetarist ideologues. In the eyes of everyone else, including the money markets, it isn’t. See: UK debt/GDP ratio compared to everywhere else major (clue: it’s lower).

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