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Added on the 16/08/2021 14:00:00 - Copyright : EFE Inglés
Barcelona, Spain, Aug 16 (EFE).- FC Barcelona has debts totaling 1.35 billion euros ($1.6bn) and its economic situation is “worrying,” the club’s president Joan Laporta confirmed Monday, a week after the Catalan giants had to let go of star player Lionel Messi due to financial woes.
Barcelona, Aug 6 (EFE).- (Camera: EFE) The renewal of Lionel Messi’s contract would have put Barcelona’s future “at risk,” which is why the Argentine superstar will be let go, club president Joan Laporta said on Friday.
Barcelona, Aug 6 (EFE).- (Camera: EFE) The renewal of Lionel Messi’s contract would have put Barcelona’s future “at risk,” which is why the Argentine superstar will be let go, club president Joan Laporta said on Friday.FOOTAGE OF JOAN LAPORTA'S PRESS CONFERENCE.SOUNDBITES OF LAPORTA.Translation:"Unfortunately, we have inherited a disastrous legacy, with sporting wage expenses equal to 110% of the club’s total income. This means we don't have any wiggle room for salaries. The Spanish League's rules go through a financial fair play, which imposes salary restrictions and we don't have wiggle room. ""To expand that financial ‘fair play,’ Barça would have had to agree to an operation that entailed mortgaging part of the club’s TV licencing rights for half a century. When we had to decide, or I had to decide, I'm not willing to do that for anybody.""Leo wanted to stay at Barça and we wanted him to stay. The fact that he wanted to stay is what set us on the path to see if it was possible."
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