I might have worked at a credit rating agency... If ESMA finds a connection between sales and analysts they can basically close shop and pay some millions on top of it.
Barcelona: Charged with corruption .... again!
- Thread starter The Boy
- Start date
I am under the belief that they cannot unregister players they don't want to use to then add more. Someone correct me if I am wrong, but don't they have to shift they contracted players first to clear some room before registering other players?
I was certain this was the case as otherwise teams could just stockpile players.
That chart is gross spend, it isn't net. Net spend is always a much better indicator than gross. Pretty sure Utd have taken over Chelsea in the net spend.
Utd's drought is due to poor planning for SAF's departure and bad recruitment. It isn't to do with spending.
Oh wait, so you think you know how Bayern operates? Here's the inside scoop for you, since you know so much about finances...
The professional Bayern team is part of the Bayern Munich AG (think Incorporated). The AG has sold 25%. 75% is held by.... Bayern München e.V., the original club. Guess who the owner of that club is? Yes, just like Barca, it's a traditional 100% member owned club. So when you make comparisons like that, inform yourself. Cos it's not like you make it out to be.
I never said debt is bad. I said Barca's debt is massively excessive and not sustainable unless they are propped up artificially. Rangers went bust for a lot less problems. The stadium in Munich? Cost them a chunk, but they paid it off. In full. On their own. Barca's stadium is grand, but it's much older. Why is it still on the books as debt? It should've been paid off a long time ago. And the upgrades they are doing shouldn't explain a debt of 700 million Euros. Heck, you could build two Camp Nous with 700 million Euros...
I didn't say we're great because we sold 25% of the AG. I didn't even say we're great. I said Barca should have its professional license revoked until they can get their finances in check. Or go bust like the Rangers did. They have no place in the first league. And sure, it'll be a loss for football, but honestly football isn't a game of crooks cheating their way through finances. Other teams came and went, we'll survive Barca not boing in the first league for a while. Football survived Juve being relegated, Rangers being relegated.
Barca ISN'T paying for the debt themselves. That's the whole point. They're just not paying off the debt. They're only piling on more debt. What is it with some people not understanding that while "debt as investment" is good, "any debt, even unsustainable debt" is bloody stupid and should be avoided. Which sick mind came up with the idea that going into debt for the sake of being in debt is in any way a smart business decision? You can do numbers, can't you?
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Let's face it, everyone associated with Barca are in denial.
That's a very weird way to put it though, Bayern isn't owned by another club, it's 75% owned by an association, and the 25% remaining are owned by Audi, Allianz and Adidas. Barcelona is 100% owned by its members. Not saying that one is better than the other since Bayern proved to be a very stable and well managed structure but that's the way it is, it's not "just like Barca".
What you call an "association" is the actual club. The professional football team is organised as a company, and the club owns 75% of the company and therefore the club members still have full control over the football team, as they decide who the club sends to be the CEO of the team. So in that regard it is just like Barca, but just organised in a different way.
I get what you mean, as a lawyer i have a hard time with this comparison since the AG do own the professionnal team and its IP rights but members do indeed control the decisions taken by the shareholders during general meetings.
Erm…….. little bit awkward……… wasn’t sure whether to bring it up ………… but it seems you’ve been living under a rock for the last 15 years………
Just read what Laporta had to say. He says all the players there can be registered and he would like to sign more players so wants flexibility from the league regarding salary cap issue.
When I read these statements from Barca I am started to be reminded of that Iraqi defence minster who was saying that Iraq/Saddam was fine as the tanks were rolling in behind him.
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700m is a pipe dream, Espai Barca costs have ballooned past the 1b euro mark...
https://www.rac1.cat/esports/202105...milions-pressupost-cost-laporta-bartomeu.html
Yup, looks to me like Barcelona management are playing chicken with La liga. The avoiding facing reality strategy...
Of course if La Liga bin the rules off, would just be inviting even more financial problems, from Barcelona and other teams. So can't see how they can give in.
Barcelona will have to field a team of kids in first game. No Messi or new signings.
Then presumably fire sale of marketable players before window closes to get under the la Liga cap?
BBC gossip (I know, but fun) says Barça are going to unveil a new 5 year deal for Messi. Can you imagine.
Still expect La Liga to cave in. They shouldnt and it would be grossly unfair on other teams but Id be amazed if they left one of the leagues main draws actually start the season in the current situation.
They shouldnt either for the record but can see some sort of arrangement being made.
They shouldnt either for the record but can see some sort of arrangement being made.
Agree. La Liga are not going to stop Messi from playing.
Other teams in la liga want Messi to stay in la liga
A classic case of Stockholm Syndrome, if there ever was one.
I know it's true. I meant it's a case of Stockholm Syndrome on the part of the other clubs in La Liga who are willing to pay for a rival's player.
Haha oh okay
It's fake news anyway. Do not forget that there is a lot of
propaganda news in Spain, especially the Catalan newspapers. The La liga clubs themselves are having a very difficult time financially. The last thing on their minds is to pay the huge Messi salary.
Saw this and it's bonkers.
Barca think they will still be in business when Messi turns 39 after he bankrupts them.
Tweet
— Twitter API (@user) date
There we go, Barca are saved from total collapse.
Government and the league always coming to Barca and Madrid's rescue.
There was no doubt whatsoever of that outcome. Basically there is as much chance of Real or Barcelona truly going under as the state of Spain itself dissolving.
Of course they are, only genuine idiots thought they’d be bankrupt or whatever rubbish was spouted in here for months. They’re still not in a great place financially but they’ll be fine in the end.
People will focus on Barcelona for understandable reasons but Real was in decent financial position anyway. Getting a 250m cash infusion absolutely puts them into play for signing both Mbappe and Haaland next summer.
The Spanish clubs sell 10 % of LaLiga. For Barca this means 270 mill Euro.
https://www.marca.com/en/football/spanish-football/2021/08/04/610a7566268e3e020d8b458a.html
https://www.marca.com/en/football/spanish-football/2021/08/04/610a7566268e3e020d8b458a.html
It's private equity vultures and requires la Liga to give them 10% of their revenue, indefinitely by the look of it.
Most likely gets voted down by clubs. Like the Italian deal with same private equity firm.
Most likely gets voted down by clubs. Like the Italian deal with same private equity firm.
10% of profit not revenue is generally how these things work
Read the Reuters article, it's revenue...
Deal benefits few big clubs who will get money for stadiums etc and screws the rest.
Can't see Turkeys voting for Christmas, but you never know.
Will this money get doled out in the same way as TV revenues?
Yes, an average of the last 7 seasons is what I heard.
I guess the financial situation leaves them with few options, but selling 10% of the league to a private equity firm is a pretty drastic and potentially short-sighted move.
That actually seems like a really shitty deal. Anyone know why they didn't just borrow the money given the low interest rates?
Some back of envelope math: La Liga makes ~$5bn a year and 10% of revenues is $500m / yr. So in 6 years, you pay the $3bn back.
Now that's a fact. The Spanish Courts and the government will bail them out. As they have done in the past.
Question - why does this not get them into trouble with EU Competition laws?
Cheers. So a de facto bailout.
