As most major clubs are fighting bankruptcy during and after the pandemic, some have resolved their crisis with brought in some experts to help figure out. Barcelona is still in that bankruptcy crises in which their debts amounts to €1.3BN and some loans are due this summer 2021. Some experts in financial crisis resolution have suggested freely to them if their advice will be adhered to. It’s so simple in economics world to practice but hard on priority for the newly re-elected Juan Laporta is to;
1. Renegotiate the terms of the bank loans; These include the facilities with Allianz, Goldman Sachs and Prudential and were largely taken out to cover wages in the short term. Now this will see Barcelona as risks but it is possible to some degree.
2. Improve on and off the pitch; winning will help as managerial stability can help save amounts to sign managers and a much hit grade in the transfer where they will stand in a position where players can confide in the team to sign for optimum costs and wages.
3. They also need to reduce the wage bill, clear out older or fringe players and go back to using a core of homegrown players who will be in the short term at least less costly in terms with talents like Ansu Fati, Moriba and Mingueza, balance can be struck and with Juan Laporta re-emphasizing on the importance of La Marcia during his campaign, that one also is likely to be pursued.It is hoped the board takes all these into consideration as the club is sinking in debts.
Content created and supplied by: Meroyin (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More