Spanish giants Real Madrid and Barcelona will see their wage bill slashed for the coming season as clubs continue to struggle financially post-COVID. Unlike in other leagues, in Spain, how much a team can pay in wages is determined by the league and not by the individual clubs. As a result, Barcelona’s salary cap for [...]
Finances
I wrote earlier this week about the financial troubles that Inter Milan’s Chinese owners are in. Inter owe over €200m in transfer fees to other clubs, with their biggest debt being too Manchester United for the signing of Romelu Lukaku back in 2019. Inter still owe United over €50m for Lukaku, and it appears that [...]
Inter Milan’s owners Suning Group have halted operations at its Chinese football clubs due to financial jeopardy – in a bombshell move which plunges the future of the Serie A giants into uncertainty. An announcement from the company last week announced that the Chinese Super League champions would no longer be in existence: “Due to [...]
Liverpool are slowly putting the steps in motion to create a long-term blueprint which will see their revenue rival that of Real Madrid and Barcelona. Often praised for their shrewd business off the field, Liverpool have emerged as one of the fastest growing football clubs in the world when it comes to monetary terms. And [...]
Lionel Messi is reportedly ready to sue as many as five ‘suspects’ that he believes may have leaked his €555,237,619 Barcelona contract. The five men in question are former president Josep Maria Bartomeu; former vice-president, Jordi Mestre; CEO Òscar Grau; interim president, Carles Tusquets; and the head of the club’s legal services, Romàn Gómez Ponti. [...]
Another January transfer window has come and gone. This one though lacked the fireworks of previous windows due to the ongoing impact that COVID-19 is having on the finances of football clubs around the world. The lack of money does not mean that some clubs improved themselves during the window, while the lack of activity [...]
COVID has hit almost every club in world football, but it has probably hit no club harder than Barcelona. We have been writing for months about the clubs financial situation. Unfortunately for Barca fans, the financial situation is getting worse not better, according to a report published on Friday in El Confidencial. It article claims [...]
FC Barcelona is in the midst of a presidential campaign, but the winner might be getting a poisoned challis as Barcelona’s growing debt is set to force the club into a period of dramatic austerity, with the Catalan giants owing €900m to creditors. The LaLiga side announced during the 2019-20 season that it expected to [...]
An eye-watering £4.5billion loss is expected to be suffered across Europe’s top six leagues as a result of the coronavirus pandemic, according to a new report from KMPG. The international audit company have compiled an in-depth study into the effects the ongoing Covid-19 chaos caused last season, with particular focus given to the 2020/21 champions [...]
La Liga has reduced Barcelona’s wage cap from €671 million last season to €382.7m this season, a fall of €288.3m in the wake of the financial pressures caused by the Covid-19 pandemic. Barcelona will have nearly €383 million to spend on salaries, compared to €671 million euros last season. Madrid has the biggest cap this [...]
