Mb194dc
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- Dec 8, 2015
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- Chelsea
there are actually as I described in my previous post.
When the club has a certain amount of deficit (€100m if I remember correctly) or more during one presidential cycle (6 years in total), the president and his board is liable to make up for it with their own money.
The problem here is, that Bartomeu persuaded the players to deffer the wages into a new presidential cycle, even in his last days as president, so he found a loophole sadly that wasn't covered since no one thought about such a possibility before.
It's a nonsense rule because it's so easy to manipulate, as seen by Bartomeu.
The better way to ensure financial stability would be a hard cap on wages as a % of revenue, say 70% and a maximum amount of net debt % relative to revenue.
I think there's a reasonable chance Barcelona go bust in the next 2 or 3 years. The gamble is on future growth but I doubt it'll work.