14 hours agoThe impossible is about to come true: Deeply indebted Barcelona, that is, bankruptcy.
Periskopi(5 years ago)
(5 years ago)It has been known for some time that Barcelona has been going through a bad course, and the publication of their annual financial report clearly confirms it. The outstanding point of the document is where the club's obligations are listed, as it is seen to total 1,173 billion euros and a short-term debt of about 730 [...]
The outstanding point of the document is the location where the club's obligations are listed, as they are seen to total 1.173 billion euros and a short-term debt of about 730m euros.
This figure is earmarked as follows: 265m euros in debt to credit institutions, 2.5m euros of obligations and other negotiable assets, 164m euros in debt to sports personnel and 298m euros in other debts.
The club hopes to delay those payments by at least 30 June of this year. Some creditors have accepted this postponement, while the club remains in negotiations with some others for the time when payments can be paid.
