“The number that does the most damage is the asset imbalance”
Barcelona vice-president of finance Eduard Romeu has revealed the club are in desperate need of €500m. He claims the asset imbalance is causing damage and they need money fast to ‘save’ the club.
According to The Athletic, Barcelona’s debts amount to more than €1 billion and the club haven’t been able to resolve the issues. The report adds that the Catalan side have reached deals to sign Chelsea’s Andreas Christensen and AC Milan’s Franck Kessie on free transfers but cannot register them due to La Liga’s salary cap.
Speaking to SPORT, Romeu confirmed the club need €500m to bail themselves out. He added that the club would have suffered an additional €150m in losses if they hadn’t done anything last season. He said:
“The number that does the most damage is asset imbalance. The negative capital of 500 million euros. You could add 150 million euros in losses this season if we do nothing. I said it before, if someone wants to give me 500 million euros… That’s what we need to save Barca.
La Liga are working on a CVC investment to help clubs, but this has been rejected by Real Madrid and Barcelona. Both clubs insisted the deal was not good and Romeu reconfirmed their position. He told Spanish media:
“For us, despite all the pressure we’ve been under and the question of fair play that we always have to keep in mind, it’s a bad deal. From a financial point of view, it’s settled and I think the president (Joan Laporta) has been very clear.”
What should Barcelona do this summer?
Athletic claim the club are looking to sell a big name this summer to raise money and free up space on their wage bill. Marc Andre ter Stegen, Pedri, Frenkie de Jong, Ansu Fati and Ronald Araujo have been named in the report as salable assets, with the Dutch midfielder most likely to be sold.
Manchester United are leading the race to sign the former Ajax star, and the Catalan side are awaiting an offer. Barcelona are also working with their current players to reduce their wage bill by signing new contracts.
Edited by Sankalp Srivastava