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Economics of sport: Barça between bet and headlong rush

2022-08-04T16:36:36.934Z


SPORT BUSINESS OBSERVATORY - Why was FC Barcelona able to dig a hole worth more than a billion euros and how can it still buy despite its financial problems? In sport too, we would only lend to the “rich”?


Vincent Chaudel is a marketing expert and co-founder of the Sport Business Observatory, the Think Tank of the In&Sport firm whose vocation is to provide analyzes and decryptions on the evolution of sport, both in its economic dimension and social.

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As soon as he returned to the helm of FC Barcelona in March 2021, Joan Laporta was quick to make an alarmist diagnosis: a debt estimated by auditors at 1.35 billion euros, losses estimated at 481 M€, a inability to formalize new contracts including that of Lionel Messi … In short, despite 26 La Liga, 5 Champions Leagues and 5 European Super Cups, Barça had become a giant with feet of clay in a few months.

FC Barcelona revenues and costs in 2020/2021 KPMG

If this is not the first time that Barça has encountered a delicate phase economically, this time the situation was, in the general opinion, very serious.

With a debt comparable to that of Chelsea but without a shareholder capable of assuming it, the interests jumped from 1 M€ in 2018 to 41 M€ in…

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Source: lefigaro

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