Stagnant? Joan Laporta's challenge with Barça's accounts

In 2022 it marked a before and afterwards in the FC Barcelona with the sale of heritage of the club, the famous 'crowbars' economic that allowed to the Catalans reinforce in the market of signings estival and begin the way to the first two titles of the 'was Xavi' like trainer: The Supercopa of Spain and LaLiga 2022/2023. They were, in concrete, three movements that 'revolutionised' the accounts of the club and that allowed to close the exercise without losses. Two years afterwards, keeps the doubt of if it was sufficient for 'save' to the club.

It is necessary to go by parts. To finals of June, the blaugrana concretised the sale of 10% of his television rights to Sixth Street Partners, at a rate of 207,5 million euros. With the agreement, the American company reserved the income that generate by the next 25 years years so that the Catalans generated a plusvalía of 267 'kilos'. It was the essential step so that they closed the exercise 2021/2022 without losses, but was not sufficient for 'sanear' the economy and go out to the window of transfers of this summer.

And it is that 23 days after this first operation, the Barça confirmed the sale of 15% extra of the audiovisual rights, by the same period and to the same company, at a rate of €400m. In total, Sixth Street remained with 25% of the rights of TV by an investment of €607,5m. A movement approved by the Assembly of Partners Compromisarios, but that followed without being sufficient: in the following weeks activated two 'crowbars' more, with the sale of 25% of Barça Studios by €100m to Socios.com and 24,5% by the same mount to Orpheus Half. The club yielded 49,5% of his audiovisual arm.

Of the 'repalanca' to the eternal fight of the Barça

This last operation has been the one who more has brought controversial, opinions divided and problems for the Catalans, because it turned into a 'repalanca' in 2023 after the non-payments of Socios.com and Orpheus that finish with the resale of 29,5% of the society at the end of German investment Free and to NIPA Main. It is a sale that is still in the air and that caused a complaint of the Barça to the Teutonics by have not credited the 40 million corresponding euros to the operation.

The subject of the 'crowbars' has been a complete wrap for the Catalans and that seems that it will not have end, but that serves to explain and understand the reality of an entity culé that seems to be drowning constantly in his attempts to reinforce and give continuity to his project. There is not a summer, neither winter, in which they are not taking out accounts to inscribe to footballers by the eternal problems with the Fair Play. That is to say, in spite of the 1.300 millions that have 'registered' by the sale of heritage between 2022 and 2023, the club follows without having liquidity.

It sees the Barça the light at the end of the tunnel?

The question that round by the mind of a lot of barcelonistas and that almost anybody dares to pronounce in high voice is if the Barça really is better that before and, especially, when will see the light at the end of the tunnel. They are three years since Joan Laporta assumed the presidency, for the second time, and although it has reduced the debt and, with difficulties, has achieved improve the staff (in spite of the exit of Leo Messi), the suffering does not have date of caducity. As they remember from 'SPORT' Marc Menchén, the mass salarial has reached the 492 millions for this exercise, a significant reduction, but in which they follow contabilizando the losses that generate the sections polideportivas of €38,9m and that causes an even more big hole.

This year said deficit will go down to the €29,4m, but there will be a very big difference for the accounts of the club, because all will compute for the limit salarial that conditions, later, to the options to go out to the market of signing. The cycle endless by which crosses the club and that generates the debate, interminable, of if sometime it will be necessary to change the model. From the high spheres have kept that the Barça will be always of his partners... But it is possible to be able to compete to sportive level? If there are not signings, can litigate of you to you with the Real Madrid, Manchester City, Liverpool or Paris Saint-Germain?

It is not a small detail that have sold 25% of the audiovisual rights to 25 years, neither 49% of the audiovisual arm of the club. They are income that already began to subtract , that will happen bills... And that do not compensate with new sponsorships. They keep Nike, without knowing until when, Spotify... But sometime -except revolution that have not achieved up to now- will leave to be sufficient. In the meantime, the others 'big' will follow reinforcing and competing to base of talonario, as it is normal. And the Barça will follow a go through behind.

The SAD follows touching the door of the Barça

The ghost of the SAD will follow rondando a few years more, especially while the club follow suffering to generate income and savings. The 'model Bayern' is still in the mind of many, because the Teutonics have kept some accounts without problems 'dividing' the property, but Joan Laporta recognised in RAC1' "is a mistaken model", questioning "why have to have companies inside, if already we have them was and can do that they participate of a line of business without being inside the club?".

It is the cycle of never finish and that conditions the interests of the club in all the senses. While the headlines aim to millionaire signings, of Joshua Kimmich, Rafael Leao, among others, the reality is that in the dispatches see question how can do to hire to a new trainer, that surely will ask much more of what earns Xavi Hernández. Or how they will compensate the 40 millions that has to Free. Or how they go to inscribe to Vitor Roque or Gavi the season that comes... Or the renewal of the agreement of Alejandro Balde. But this no 'sell' so much.