Why don’t we, as some insist we should, impose this upon our own leagues?
A club that should have set the standards for the world game, a fan-owned cooperative,
In its most recent published accounts in June last year, Barcelona reported a negative working capital – debts that exceeded short-term assets. Encompassing debts of €320 million (£284m) to other clubs in transfer fees; bank borrowing of €280m (£249m); bonds of €200m (£178m); unpaid wages of €200m; debts to suppliers of €84m (£75m), and public administrators €55m (£49m). The club’s €146m (£130m) state-backed credit line was eaten up by last summer’s six-monthly wage bill.
In short, Barcelona are broke. Their total debts exceed €1 billion