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Barca dept is near €1bn

Football News

Barcelona’s debt continues to increase, according to a survey, and now stands at around EUR 1bn (£ 890m).

The Catalan club was supposed to crack the EUR 1bn income barrier this financial year, only for the coronavirus pandemic to blow those forecasts off course.

Barca is now seeking to stave off insolvency because they owe a near-ten-figure-sum to creditors, La Vanguardia claims.

It is alleged that EUR 420m (£ 376m) of the debt must be repaid over the next 12 months, making it the top priority for Barcelona’s next president, with elections scheduled for later this month.

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