Barcelona thread 2020/21

[yozzerblue]

Players, Agents and everyone involved in high level football, have been so greedy. TV money, Sponsership money, season ticket sales, kit sales etc., surely the money should be in the club accounts and not in the pockets of these selfish feckers. They have had the lot and have eventually eaten their way out of their own arseholes.
Small clubs go hungry and out of business, while they drive round in limos like they have just saved the planet. You reap what you sow I'm afraid.

 

[manimanc]

I'm really shocked that UEFA haven't been monitoring this situation.

You know, asking for emails and records of transfers and sponsors , shit like that.

And where is Der Spiegel when you need them, they could have had a field day rifling through Barcelona's accounts and putting it into the mainstream.

 

[I'm With Stupid]

We'll take Ansu Fati please.

 

[Onholiday(somemightsay)]

BBBBBBBBBBBBBBBBBOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMMMMMMMMM !! ;)

Morning Jürgen.........

 

[give it to gordon]

Their accountants would have been warning about cash flow for months. Barceloana (sorry) would have done everything to keep this quiet for as long as possible so they must be in real trouble. I don't know anything about Spanish law or accountancy rules but surely they are in breach of FFP.

Agree they must be in breach of ffp wonder what fines will be imposed for breaking ffp. If they are in breach of ffp it shows to everyone that ffp was brought in to protect the G14.

 

[Coatigan]

Barcelona board FAIL to agree pay-cuts with first team stars

The LaLiga side are seeking to slash wages by 30 per cent to stave off fears of bankruptcy but have made no progress with Lionel Messi and Co despite 'several days of intense meetings'.

www.dailymail.co.uk

They have extended the deadline (again) till 23rd nov, to get the players to agree to something, or to find 200m at the back of the sofa.

 

[KS55]

Agree they must be in breach of ffp wonder what fines will be imposed for breaking ffp. If they are in breach of ffp it shows to everyone that ffp was brought in to protect the G14.

You can borrow as much as you like under ffp, providing the repayments etc keep you within the spending limits. This was the whole point of G14 rejecting Platini's original proposal.
By not regulating debt, trouble is just delayed. Barca will be ok, because, for social and political reasons, the banks will not press matters.

 

[oakiecokie]

Morning Jürgen.........

Oi behave !! I fucking look nothing like a horse.

 

[Prestwich_Blue]

Their accountants would have been warning about cash flow for months. Barceloana (sorry) would have done everything to keep this quiet for as long as possible so they must be in real trouble. I don't know anything about Spanish law or accountancy rules but surely they are in breach of FFP.

Cash flow, probably the single most important indicator of financial health, isn't monitored by FFP.

 

[Gareth Barry Conlon]

I have some experience of financing football clubs - and dealing with 'recovery ' cases in Banks.

The shit hits the fan when the bank wont allow payments beyond a limit and the club starts to not pay things that are due. Its always the tax that is first as its the things you get least value from, I would put money on Barca currently not paying the equivalent of PAYE and VAT and other such regular taxes. Then its suppliers especially one off's so a building contractor that did some work that is completed and things like that - now is not a good time to do a job for football club. The last to get cut off are the salaries and ongoing suppliers that you need to survive day to day.

While all the above goes on the club fight off the calls from the creditors hoping to stop legal demands and debt recovery through the courts. There is always goodwill with football clubs and nobody wants to be the first - the name on the court papers pushing the case. That is why it is generally the tax man who can't hide behind others who comes forward with legal process. The tax people will follow a procedure and end up in court ultimately pushing a winding up petition (known as a 'winder'). If the club cant convince a judge that they have plans in place to pay off the debt then the court can start the process of adiminstartion.

Before you get to that point the secured creditors step in. The Banks will hold the security over assets and to avoid a court taking key decisions they can step in and insist the club appoint their own administrator.

Before the club owners/directors start getting controlled by the Banks they look for new Banks or they look to sell to new investors with new money to avoid all of the above. Barca don't have the option of new money from new owners so they dont have many options.