Mods can move this if there is an appropriate thread, but I figured we might want a separate place to discuss it. This article has info on the recent audit: Does anyone know if there is a site to get official yearly budget/financial information? If this is the situation, I think it would obviously be prudent to wait a year for Cesc and maybe also sell Ibra for pennies, just to get his salary off the books.
I'd like to think that this would be accurate and up to date... http://www.fcbarcelona.com/web/engl...va/situacio_economica/situacio_economica.html Maybe we'll just have to watch that space for the time being. Two questions I have about todays report. 1. How is the debt structured? Owing money isn't inherently bad. 2. Does that 77m euro deficit include the 40m euro Villa signing? But yes, overpaying for Cesc at this point would make Rosell look like an idiot. While I don't think we need to panic and sell anyone, if someone made a ridiculous offer we'd be fools not to listen.
Thanks for the link. I was exaggerating a little bit about the "for pennies," but I guess it comes down to whether Ibra will be a starter or not. If he's not, then his value is only going to go down. I'd also be interested in knowing the answer to your questions.
You guys had to get a loan to pay wages and sell a player for cashflow and latest figures suggest spending beyond your means, yet where is Platini? Where is Blatter? Conspicuous by their silence.
Be gone, this is a thread about Barcelona and a discussion that will be monitored for trolling. You have been warned.
These auditors need to show their work. I don't pay much attention to the finances and the one thing the board said was that a lot of money was raised from the six trophies and the profile that it raised. Who's telling the truth?
Pfft... get over yourself. I'm not criticising Barcelona. What discussion can there be without involving the hypocrisy of our UEFA overlords?
I don't think that there's necessarily a contradiction. According to those figures, we made over 400 million Euros in revenue for 09/10, which would be a record high and is around what the Laporta board was claiming when it reported a profit. The discrepancy seems to be on the spending side, though a lot of that is probably the Villa transfer.
Sorry, I meant that the previous board said that the club was in the black from the six trophies and that raised more than enough for the transfers of Chygrinsky and Ibrahimovic. I don't have a link, but that's how I remember it being spun. Whether that was true is my question. If spending is the only discrepancy, 77ME in debt sounds like it would be a lot more than a Villa transfer.
I'm just fishing here, but maybe they were projecting the sales of Hleb and Caceres in the figures, which haven't happened yet.
I doubt we'll get any money for either of them this season. Especially when Pep has made it perfectly clear he has no use for them.
Another question: if it really is time to be frugal and Rosell intimates as much, then why rescind Henry's last year of his contract so he could go to NYRB for free? Wouldn't even a small transfer fee be prudent? To be honest, I think it was a nice gesture to let him go and not take any money out of MLS. Just a curious decision in light of this supposed debt.
I agree. I bet we would've gotten at least 5-10 million out of his transfer. Same with Rafa's imminent move. That right there is 10-20 million off the debt.
I still get the sense that Rosell is trying to make a splash of some sort. Is tough to do when the club has come off unprecedented success and doesn't actually need anything. So we're stuck with all this garbage until the season starts.
Exactly, I dont buy this "debt". I think its just Rossell trying to seem like a hero for financially saving Barca at some point in the future. How come none of this was heard before him, hell we had money to go buy Villa, but now we are about to go broke. Sounds more political than real to me.
Nice neg rep when I'm just a neutral trying to engage in a discussion.. BTW, are you saying Barcelona didn't need an emergency loan and a rushed transfer just to pay its players' wages?
Your fellow Chelsea fans have created a reputation of Barca Bashing, and well you come in here wanting Barca to be told off by UEFA...great way to come off as a neutral. Chygrinsky was gone regardless of what happened. As I said in another post, you don't get loans if the loaner does not think you can pay them. Obviously the money was lent, because Barca is able to pay it back in the bank's opinion. Which leads you to think that the financial situation is not dire, the way Rossell leads you to believe.
Hey jcvf, your other post in the other thread makes me wonder: you think Barcelona could also be doing this so as not to appear too rich with this brouhaha about revenue sharing in La Liga? Couldn't hurt, right?
This could make sense if the audit revealed lower than reported revenues. However, since it's being portrayed as excess spending, I don't think it will help much.
I'm with the Chelsea supporter. Its crap if such a huge club really couldn't afford wages. He doesn't seem like a troll to me.
I guess I don't buy the conspiracy aspect of this. That Rosell would like to score political points against Laporta, I don't doubt. That he would fake a debt to take out a loan and then somehow manipulate an independent audit to score political points, I do doubt.
I'm sure it's a technicality like the difference between cash accounting and accrual accounting, per IFRS.
If I pay you $100M, but you only "earn" $30M of it, you can only report $30M. The remainder is actually a liability. Yay! Accounting 101! I can't imagine a revenue stream where Barcelona would have to do that, but it's just an example of what might be going on. The auditor, Deloitte, has no incentive either way to report the numbers. In fact, if anything, they'd like for their client to do well. FCB pays Deloitte, so the better FCB does, the business they have, the more work the auditors have to do.
Here's an interesting discussion going on about our club finances. http://www.theoffside.com/world-football/barcelonas-debt-makes-me-sad.html
