200 million euros in transfer fees owed to other clubs

200 million euros in transfer fees owed to other clubs

FC Barcelona's Vice President for Economic Affairs, Eduardo Romeu, has revealed the club's financial status for the 2022-23 season, acknowledging that Barcelona currently has outstanding transfer fees of 200 million euros owed to other clubs.

Romeu, the Vice President of FC Barcelona, openly admitted, "We are not concealing the fact that we have a debt of 200 million euros in unpaid transfer fees to other clubs."

Furthermore, Romeu emphasized the importance of financial stability for the club but expressed optimism that Barcelona would no longer require financial leverage, stating, "Our goal is to eliminate the need for financial leveraging. In fact, two specific deals have already been approved."

He emphasized the significance of television revenue and sponsorship income, highlighting their role in covering essential expenses such as the Camp Nou renovation project and unforeseen costs. He stated, "We are facing a recurring deficit of 200 million euros."

To enhance the club's financial situation, it is imperative that the team performs well in the Champions League, as Romeu pointed out, saying, "Last year, we suffered a 23 million euro revenue loss due to our failure to advance to the knockout stages. I am confident that we will perform better this time."

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Romeu acknowledged that the club had reached an agreement with the players regarding bonuses, particularly if they win a title, but clarified that there would be no additional bonuses for advancing to the knockout stages. In essence, extra bonuses will only be granted if they win the Champions League.

As for winter transfers, Romeu indicated that it was too early and complex to discuss, stating, "It will be a decision made based on technical considerations. If necessary, we will begin exploring innovative solutions."

He expressed pride in the current board's efforts to steer Barcelona in the right direction, even in the face of a substantial debt burden. He remarked, "We currently have a debt of 1.2 billion euros, which is a considerable challenge and inconvenience. However, we must not fixate on just one aspect. Comparing our current situation to when we assumed control, with a 1.3 billion euro debt and high interest rates, it's a completely different scenario. In May 2021, we faced salary payment challenges."

Finally, he discussed the salary of Felix, stating, "We will not be making any adjustments to his salary. He joined on terms that were already lower than what La Liga suggests, as part of our commitment to financial fairness regulations. While there won't be a salary increase, there may be performance-based compensation. We hope he will demonstrate dedication to the club, and if that happens, we will engage in negotiations." Romeu concluded.

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