Staggering amounts of money wasted by Bartomeu regime
Barcelona‘s perilous financial situation hasn’t mysteriously arrived out of thin air, the club has been outspending their domestic rivals for years, with it being shown that the Blaugrana has recorded the highest net spend of any LaLiga Santander club over the last decade.
It says a lot that this is the case, even when during that period Barcelona recorded the highest ever sale of a player in football history when Neymar moved to Paris Saint-Germain, yet the Josep Maria Bartomeu administration threw good money after bad at the situation, and it has caught up with the club.
In a study published by the Football Observatory, it’s unsurprising to see that Barcelona trail Manchester United, Manchester City and PSG in terms of their net spend over the past 10 years, but they dwarf the likes of Arsenal, Juventus, Chelsea and Real Madrid.
Barcelona‘s net spend stands at 640 million euros, with Los Blancos having a much better net spend of 179 million euros.
Well, the reality is that the Blaugrana has overspent on players who were worse than the ones they were replacing.
Ousmane Dembele and Philippe Coutinho both cost upwards of 100 million euros and broke the club’s transfer record, yet neither did anything of note whilst wearing the Los Cules shirt.
Trying to replace Neymar was a trap which Bartomeu‘s administration fell into, and it has contributed largely to the fiscal hole the club is currently trying to shovel its way out of.
Along with high transfer fees, paying extraordinary salaries to players has also been a problem, with the COVID-19 pandemic totally cutting off the club’s income at the knees, yet they still had to pay Lionel Messi, Luis Suarez, Gerard Pique and others their sizeable wages.
Xavi Hernandez has been forced to work under the proviso that any incoming player can’t be registered until someone else is sold, and the Catalan club did have a productive January window, but it is going to take a lot to undo the mess of the last decade, especially with teams like Chelsea, Atletico Madrid and Real Madrid all generating transfer revenues of 1.2 billion euros, 995 million euros and 981 million euros, respectively.
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