According to Catalonia’s leading newspaper La Vanguardia the La Liga giants are crippled by debt that is coming close to one billion euros.
The clubs growing debt is set to force Barca into a period of dramatic austerity now that they owe creditors nearly £1 billion after their finances were hit hard by the Coronavirus pandemic.
More: Amazon courier surprised when discovering package recipient was Premier League cult hero
Barca announced in the 2019-20 season that it expected to be the first club to have an income of over £1 billion but that all went south as a direct result of the coronavirus pandemic.
Following the impact of Covid-19 the Catalans had a loss of almost $100 million for the 2019-20 season and there are concerns that this season could be far worse.
According to La Vanguardia, that $100 million will be added to the total net debt of €500 million the club already has plus an additional deficit of €400 million.
Barcelona’s next president will have to treat the situation as a matter of priority with €420 million of their debt owed in the next 12 months.