But when Covid put paid to normal service the Catalan side posted losses of €138m and €553m in the 20 financial years, which exposed the spending habits of a club that requires, and expects, relentless success. Having been profitable for many years due to their huge size and sustained success, the spending fell in line with that and the need to quench the thirst for fans for the best players led to them paying the biggest sums. Forced to implement huge wage cuts on players, unable to keep their most prized asset in Lionel Messi and struggling to cope with a significant amount of their debt obligations arriving in the short term, Barcelona were very much the sick man of Europe when it came to the financial impact of the pandemic in football.
Last month Barcelona president Joan Laporta told reporters that the club was "practically dead in financial terms" when he returned to the helm during the pandemic. READ MORE: Sadio Mane could follow Philippe Coutinho in discovering brutal Liverpool truth
DEBT QUENCHER WINDOWS FREE
Robert Lewandowski and Raphinha have both arrived at the Nou Camp for a combined sum in excess of €100m, while free transfer additions Franck Kessie and Andreas Christensen have also joined the club this summer despite the Blaugranas being more than €1bn in debt and still unable to register these new signings due to strict La Liga spending rules, in place to try and ensure sustainability among its member clubs.ĮXCLUSIVE: Joe Gomez explains why he couldn't 'walk away' from Liverpool and addresses Real Madrid transfer rumours Having had their reckless spending through the years brutally exposed by the pandemic, the Spanish giants have been active in the transfer market once again, spending like a university student that has just received their loan a day before fresher's week.
All is well at Barcelona, or at least that is the picture that is being painted.
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