LIGA - Barcelona release scale of debt

Barcelona have presented their accounts for the end of the 2020/21 financial year with losses of €481m (£409m).

The operating revenue figure of €631m in 2020/21 represents 26 per cent less than the €855m of the previous year (decrease of €224m) and is 24 per cent below the budgeted €828m.

Barcelona were technically bankrupt when president Joan Laporta took over earlier this year.

The club's CEO Ferrn Reverter presented a grim picture of the club's financial situation while releasing the results from a Deloitte audit that started after Laporta arrived in March following the resignation of former president Josep Bartomeu and his board of directors last year. 

Reverter said the audit concluded that there have been serious administrative deficiencies during the administration of Bartomeu, who in the past has denied being responsible for the teams current financial struggles. 

Reverter also revealed the club supported the European Super League to enforce tighter financial controls on teams as UEFA's financial fair play (FFP) model plays into the hands of state-backed clubs such as Paris St Germain and Manchester City.