After four months of being steered by an interim Board, which Carles Tusquets chaired, the upcoming elections for the Board of Directors of FC Barcelona are scheduled to be held on 7 March 2021. Considering the critical situation that the club finds itself in, with regard to its finances, the three presidential candidates, Joan Laporta, Antoni Freixa and Víctor Font, have taken a serious risk by expressing their willingness to step into the hot seat.
Despite being the European club with the highest turnover in the 2018-2019 season, as well as having a world-class playing squad, there were a number of cracks that began to show by the end of the 2020 season, coinciding with the resignation of the club´s former president Josep Bartomeu. This was, however, only the tip of the iceberg of the club´s dire economic situation. Accordingly, the club’s Financial Report for the season 2019-2020 shows the true extent of the financial crisis that currently weighs FC Barcelona.
Some relevant data from the Financial Report may directly affect the club’s sporting practice. The deviation from the ‘breakeven point’ required by LaLiga’s Economic Control Regulations may lead to the imposition of corrective measures and, ultimately, sanctions, including fines, a ban from registering players and/or a potential relegation to a lower division.
According to said LaLiga Regulations, if the club’s net debt on June 30 of each season exceeds 100% of the relevant income which has been generated, then this will be considered as an indicator of a financial and economic imbalance.
According to the method of calculation which LaLiga uses, the Catalan club’s net debt for the...
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