Barcelona debts revealed at €1.35bn ---------------------------------------- Barcelona president Joan Laporta has exposed the extent of the club’s financial crisis, revealing the La Liga giants are €1.35bn in debt – an increase of €200m from figures reported in January ---------------------------------------- Initial debt €617m (45.7%) Money owed to banks Undisclosed debts €119m (8.8%) “Espai Barca” project Plans for new stadium €56m (4.1%) Advance television rights €79m (5.9%) Litigation €90m (6.7%) Total debt €1.35bn +17.4% from January Players €389m (28.8%) Transfers, wages, fees 2020-21 loss €481m Pandemic impact: €91m Club’s net worth: -€451m Laporta (right) says predecessor Josep Maria Bartomeu left “terrible inheritance” that “evaded all internal checks” -------------------------------------------------- Immediate concerns Wage bill accounts for 103% of total income Negotiate further salary cuts for Gerard Pique and other senior players Offload assets – club paid Lionel Messi €550m from 2017-21 -------------------------------------------------- Sources: FC Barcelona, Guardian, Forbes Picture: Getty Images © GRAPHIC NEWS