Barcelona has endured one of the most chaotic transfer windows ever. Losing their best player Lionel Messi was just the tip of the iceberg.
Not only did FC Barcelona have to get rid of 11 players to reduce their wage bill, but also existing senior players in the squad had to take pay cuts to ensure registration of the new signings.
The problems were obvious to see when there were issues concerning Messi’s contract in 2020. Barcelona failed to register Messi even after he agreed to take a 50% pay cut.
They failed to register him under the financial fair play rules of the Spanish league. Messi went to PSG on a free.
Reckless spending: the recipe for disaster at Barcelona
Barcelona’s financial downfall is obvious for the whole world to see. They have reached a total gross debt of $1.4bn. This all stemmed from the selling of Neymar to PSG for €200m and then spending recklessly.
Even with the selling of Messi, they had to reduce its wage bill by at least $237M.
Antoine Griezmann was sold back to Atletico Madrid for €40m just two years after they bought him from Atletico for €120m.
Players like Griezmann & Coutinho both had wages well above €300,000 a week. Coutinho, Griezmann, and Dembele were all signed for a fee of €100m plus and can all be considered failures at Blaugrana.
Barcelona’s Squad for 21/22 taking a huge hit
Selling Messi did not solve Barcelona’s financial discrepancies. To register their new signings of Memphis Depay, Sergio Aguero, and Eric Garcia, Barcelona still had to make space on their wage bill.
Senior existing squad players like Busquets, Alba, and Pique had to wage cuts.
They also ended up selling 11 players this window to make space on their wage bill. Emerson Royal, a player that Barcelona signed in august for €9M had to be sold in the same transfer window for €27m as the wage bill had to be cleared.
Other players sold include academy products Trincao, Alena, Todibo, and Moriba also veteran midfielder Miralem Pjanic was also sent to Besiktas for free. All these players were treated as deadweight at Barcelona who had to be shifted on due to the financial crisis.
Current Financial situation
Barcelona’s president Joan Laporta statedhttps://www.youtube.com/watch?v=96uhP_0hpFE&ab_channel=TalkFCB
“We have a negative working capital of €553 million. That’s the difference between what we owe and what they owe us,” “Barca has a negative net worth of €451 million. It has forced us to work to show our creditors that the club is viable. We have had to demonstrate credibility.”
Barcelona’s financial debacle started 3-4 years ago and this transfer window the club really felt the full effects of it. Being one of the biggest clubs in the world, they have to make sure they get out of this situation quickly and don’t let anything like this happen in the future.