Football

Barcelona, approaching a BILLION EUROS in debt

Barcelona’s growing debt is set to force the club into a period of dramatic austerity, with the Catalan giants owing nearly £1billion to creditors. 

Lionel Messi

Lionel Messi

The LaLiga side announced during the 2019-20 season that it expected to be the first club to break the £1bn barrier for income in a single year in football, however that figure was blown off course by the coronavirus pandemic.

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As a result, the club took a loss of almost $100m (£73.5m) for the campaign, and there are concerns this season could be worse.

And according to Catalonia’s leading newspaper La Vanguardia, that has added to the total the club owes, with a net debt of €500m being topped up by a ‘runaway’ deficit amounting to more than €400m.

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