Didn't have much time, but the article seems rather misleading. In one paragraph, they're saying the club owes close to 1b euros to creditors which makes it sound as if we've got 1b of debt in loans. That's not true since it's gross debt in question. All contractual obligations due to be paid are taken into account (including wages). The club reported net debt (also mentioned in the article) close to 500m euros. Think that should be manageable if covid passes soon enough.
Yeah, just checked the liquidation of financial year 2019/20-paper.
The total debt (total debt and loans - total receivables) is 488M. The big part of total debt and loans is the club owing money to banks (480M) and other clubs (323M).
Total receivables are treasury (164M) and debts owed by clubs (168M).
All these numbers are from June 2020.
There is still a big problem when it comes to this season's estimated profit though:
This estimated budget of 791 million euros in revenue, which is expected to undergo changes over the next few days before the Board of Directors approves the figures for presentation to the Assembly of Delegate Members scheduled for October 25, has been based on a series of hypotheses, such as the Camp Nou being able to open to the public in December with 25% of its capacity and gradual recovery up to 100% capacity in February. Also in terms of Media, the higher revenues for TV rights corresponding to the end of the 2019/20 season between July and August are expected to have an impact. A gradual recovery of tourism is also expected with a direct effect on the sale of merchandise at the club?s stores in the final months of the year. And finally, regarding transfers, a slightly lower amount is expected than in previous seasons due to the effect that the pandemic has had on the market.
+ revenue for TV rights, because part of the season was played in the new financial year
- club expected 25% fans more (0%) in stadium last month and everything back to normal life in February 2021
- gradual recovery of tourism
While revenue for TV rights is a positive, empty stadiums and lack of tourism are a big negative regarding income. It is highly unlikely that there will be full stadiums in the current financial year. May be that there will be some fans back in the stadium at some point of this season, but given the current situation in Europe with Germany already discussing a lockdown until Easter we won't see a full stadium before Autumn, let alone a recovered tourism.
