Barcelona as a team has been going through some financial difficulties for close to a year or two now which has attracted a lot of worries as far as the team’s management and wage disbursement are concerned.
According to a Catalan top journalist called Ramon Besa, The Blaugrana are mired in debts that have gained several repeatedly exceeded the figure of €1 billion which in dollars, has a value of $1.075 billion.
Barcelona as a way of minimizing the debt wage had to resort to ways like, pulling economic levers in the sale of television rights revenue, and the likes of the Barca Studios media production to make new signings.
However, the effects of whatever caused their bankruptcy does not seem to end easily anytime soon as a year after the 2022-23 season later saw the Catalan side struggling to get things in order.
The Way Forward
Reports have it that a viability plan has been put in place to curb the situation on Tuesday, June 6, 2023, which will enable them to sign players however their improvements were limited to certain conditions.
Barcelona still has to be able to and must abide by the 40% rule of spending €4 million ($4.3 million) for every €10 million they can bring in in connection to player sales and developments so that they will be able to eliminate an amount of €20 million from their wage bill.