BBC reports that Barcelona suffered a loss of 77m euros last season. That puts their debt at 442m euros. How can this be? They are always deep in the Champions League competition which pays out generously, TV rights, winning the league, worldwide popularity and merch flying off the shelves. How do they expect to bring in huge names like Cesc Fabregas at a whopping 35m euro fee, or even Villa who they already signed for 33.4m. They must be printing their own money in some back room ant the Nou Camp.
Joan Laporta, who was in charge of the previous board said the team was 11m in the good at the end of June. Well that sounds great until accounting firm Deloitte went ahead with a second audit under new president Sandro Rosell. Their findings show that the cost of running the club last year was at 400m pounds and an income of only 341.7m pounds. I'm not an economics major or anything but generally to NOT be in debt, your operating costs need to be LESS than your income. It's not like Barca is a new club and need a few years before they profit. They have been around since 1899. To add more salt to the wound, they had to take out a 125m pound loan to help pay their players.
This is not good and the club really needs to take a step back and get their feet back on the ground. Not just Barca either, teams all over Europe. Players are being transferred all over the place for ridiculous prices (James Milner). Players and teams should honor their contracts and take advantage of free transfers. I don't mind the wages of players...it's the transfer fee's that are really killing these clubs. This would save hundreds of millions every year. Maybe teams would slow down the changing of uniforms too, fans can't pay $60-70 a year to upgrade to the new jersey, seriously...it's dumb. That is another topic for a different day.
I understand that the world of football has changed and it's more of a "must win trophy's right now" world instead of the slow, steady, and smart way. It's sad to see. How many more Leeds and Portsmouth's do we need to see before owners, teams, and players honor contracts and stop racking up the bill and giving the tab to the fans.
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This is one of the best celebrations I have ever seen. hahahaha.
Javier Mascherano really really wants to leave Liverpool. - Soccernet - He looks to be heading to Inter Milan so he can nuzzle next to Rafa Benitez.
Premier League has some new squad rules. Here is a great explanation of them.
Paul Scholes is regretting not going to the World Cup. - Daily Mail -
Pitch Invasion has some information on the largest American soccer crowds. Stats are always fun.
Wayne Rooney with Jedward...a set of twins with hi-top hairdo's that one Simon Cowell's X-Factor and covered Vanilla Ice's "Ice Ice Baby" - The Sun -
Rio Ferdinand always has great question/answer sessions on his twitter account. Follow him.
Steve Cherundolo is going to be Hannover's captain this season. - Yanks Abroad - Congrats Stevie!
September 4th, my birthday, is non-league day.
In other sports, Christophe Lamaitre, a French sprinter, became the first white man to run 100m in under 10 seconds. Nice work buddy.
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