Barca in the red: Club loses money

It appears Joan Laporta, Barca’s former president was using some creative accounting to announce an 11m euro profit. A re-audit ordered by current president Sandro Rosell actually showed a far more grim picture of loss. To the tune of 77.1m euros. The revised figures were announced by Javier Faus, Barca’s VP of economic affairs
“The figures presented by the former board don’t reflect the real image. They have cheated,” Faus said.
Barca also took out a recent bank loan of 155m euros to pay the salaries and wages of employees and players. All this adds up to a club whose sporting and economic success seem inversely proportional with each other.
This bodes well for Arsenal retaining Cesc Fabregas for another season at least or maybe even two, if they continue to refuse to negotiate. Barca have been ‘tapping up’ without any retribution. It seems that they don’t have the funds either. Wenger and Fabregas are set to meet this Friday for a man to man.

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