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Barcelona president Joan Laporta has revealed the Spanish club is 1.35bn euros (£1.15bn) in debt, describing the situation as "very worrying".

The club's wage bill currently accounts for 103% of total income.

Laporta blames predecessor Josep Maria Bartomeu for the debt, accusing him of leaving a "terrible inheritance".

Extending Lionel Messi's contract would have made the wage bill accountable for 110% of revenue, which La Liga refused to accept.

Messi announced an emotional exit from the Nou Camp last week and signed for Paris Saint-Germain on a two-year contract.

"Our salaries represent 103% of the club's total income, that's 20-25% more than our competitors," said Laporta, now in his second term as president after winning March's election.

"The first thing we had to do when we arrived was to ask for a loan of 80m euros because, otherwise, we could not pay the salaries. The previous regime was full of lies.

"Barcelona has a negative net worth of 451m euros - it is a terrible inheritance. What has been happening is very worrying."

Bartomeu defended himself in an open letter released on Saturday, claiming financial measures he would have put in place had he not been forced to resign in October would have allowed Messi to stay at Barcelona.

"As is known, our board of directors planned to call elections on 21 March, within the statutory period at the end of our mandate, which would have allowed us to take on and carry out the settlement of the 2020-21 season accounts," Bartomeu said. 

"We would then have taken the decisions necessary to avoid arriving at the current financial situation.

"We would have been the only ones responsible for the closure [due to the pandemic] and its consequences, a decision that the new board has not taken throughout these past months, making clear their inaction."

Laporta described Bartomeu's letter as "an effort to justify management that is unjustifiable" and "an exercise in desperation", adding: "They will not escape their doing."

New signings Memphis Depay, Eric Garcia and Rey Manaj were only able to be registered by La Liga after defender Gerard Pique agreed to a wage cut to comply with salary cap rules.

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On 8/16/2021 at 9:16 PM, UKNuck96 said:

FFP is only partly about transfers, it’s about the overall ability of a club to generate revenue vs it’s expenditure. However there are ways around it which PSG and Man City use where they are effectively sponsored by their owners to class it as revenue 

Spot on.

Extreme sponsor contracts by owners own companies... 

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On 8/15/2021 at 10:11 PM, Chip Kelly said:

Might only be for 1 season rumors Mbappe wants out and a mega transfer to Real Madrid could be in the cards for him.

 

Also crazy rumors that Cristiano Ronaldo yes CR7  himself is lookijgnto join PSG next offseason on a free transfer!

 

That would be historic for tge sport to have the top 2 players in the world of the last decade plus on the same team after being rivals in La Liga and the Champions League for so many years.

Ramos and Messi together in the same team... Can only hope for Messis sake, that ramos remembers they are in the same team during practice... #nolovelost

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On 8/16/2021 at 5:54 PM, AV. said:

Good to see this thread is active.

 

Reminds me of the good old days in 2009/2010

Yes its good to have the old football thread still going...

Edited by spook007
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5 minutes ago, Mj2345 said:

Isn’t Pulisic out with covid?

Apparently.

 

And Arsenal is having Covid-19 problems as well:

 

Arsenal have confirmed that four senior team players, Pierre-Emerick Aubameyang, Alexandre Lacazete, Willian and Alex Runarsson have all tested positive for COVID-19 ahead of the Premier League encounter with Chelsea on Sunday.

 

The club said that for this reason, Aubameyang and Lacazette missed out on their first game of the season, against Brentford last Friday.

 

Mikel Arteta’s side were beaten 2-0 by the newly-promoted side in their first match of the Premier League season and had to do so without the two forwards.

 

The club have now confirmed that their top stars were prevented by COVID-19 and both Willians and Runarsson have also tested positive.

 

The Gunners are now hoping that Aubameyang and Willian return for the clash against Chelsea while Lacazette and Runarsson have been ruled out.

 

https://dailypost.ng/2021/08/20/epl-top-four-arsenal-players-test-positive-for-covid-19-ahead-of-chelsea-clash/

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Arsenal scores and wins in their opening round of Carabao Cup action 

 

They beat lower division team West Ham (who played many of their younger players) 6-0.  Arsenal played many of their starters.  Arteta wanted to make sure that Arsenal didn't lose three soccer games in a row.

 

They now move onto the third round against AFC Wimbledon in September.

 

 

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On 8/22/2021 at 6:23 AM, UnkNuk said:

Big game of the weekend will be Arsenal's bounce-back victory against Chelsea tomorrow.    :towel:

That's the game all gunners fans want to win more than any other.

And sadly you lost to those tossers.

 

Condolences brother.

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6 hours ago, Mj2345 said:

Just read on espn.com that Ronaldo is close to signing with Manchester City

If so, it's about time they got some talent!

 

City fans have suffered long enough!             :sadno:

 

(For that matter, it's too bad they couldn't have gotten him before Saturday.  Might have given them a fighting chance against Arsenal.)

Edited by UnkNuk
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Noticed that the Liverpool/Chelsea game is going to be on network tv here in Canada.

 

9:30 am (west coast time) on NBC.

 

(Might be the game to watch since the Man City/Arsenal game is on at 4:30 in the morning !!! and I might not be up that early.  And since it's only available on a streaming service, there's no way to simply record it and watch it when I get up.

 

One of life's minor annoyances.)

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1 hour ago, UnkNuk said:

Noticed that the Liverpool/Chelsea game is going to be on network tv here in Canada.

 

9:30 am (west coast time) on NBC.

 

(Might be the game to watch since the Man City/Arsenal game is on at 4:30 in the morning !!! and I might not be up that early.  And since it's only available on a streaming service, there's no way to simply record it and watch it when I get up.

 

One of life's minor annoyances.)

They show almost every Saturday 9:30am pacific Premier League game on NBC and sometimes on Sunday morning too, I just wish TSN/Sportsnet still had the rights, I don’t have DAZN.

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