The dire financial situation at Barcelona has been laid bare with the club in serious debt and reportedly at real risk of going bankrupt.
Latest financial figures show the Spanish giants’ debt at £1.1billion (€1.2bn) with £648million (€730m) of that due in the short term while £236million (€266m) has to be paid to banks by June 30.
Spanish publication El Mundo claim the LaLiga giants are ‘on the verge of bankruptcy’.
The report also highlights the fact that 74 per cent of the club’s revenues go to players’ wages – a figure that exceeds the league’s 70 per cent limit.
Furthermore, it is stated by Cadena COPE that the Barcelona players – including wantaway legend Lionel Messi – were not paid their wages last month, with this payment covering the second half of 2020.
The Barcelona squad usually receive their wages in two payments each year, one in June covering the first half of the year and one in December covering the second half.
The shortfall of the December payment – which covers July through December – is expected to be made up in February.
Barcelona will also be worried by the huge sums still owed to other clubs, with some of those players still being paid for by the Catalans not even on the Camp Nou books anymore.
Barca owe a total of £112million (€126m) to other clubs, the report indicates.
They still owe £26m (€29m) to Liverpool for the signing of Philippe Coutinho back in 2018.
Meanwhile, Ajax are due £14m (€16m) for Frenkie de Jong while Bordeaux are owed £9million (€10m) for Malcom.
Each club require their respective payments by June 30.
Barcelona also owe money to Gremio and Bayern Munich for the deals involving Arthur and Arturo Vidal respectively. Neither player is at the club anymore.