FC Barcelona have been declared ‘technically bankrupt’.
FC Barcelona have been declared ‘technically bankrupt’ by a leading Catalan journalist.
The Blaugrana are mired in debts repeatedly reported as exceeding €1 billion ($1.075 billion), and had to pull various ‘economic levers’ last summer revolving around the sale of future television rights revenue and stakes of their Barca Studios media production company so that they could make new signings.
Players that Barca brought in ahead of 2022/2023, such as Robert Lewandowski, helped the Blaugrana lift their first La Liga title in four years and a maiden Spanish top flight crown under head coach Xavi Hernandez.
A year later, however, Barca are again struggling…
