Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
'No mismanagement, we didn't leave a poor legacy,' insists ex-Barcelona president Josep Bartomeu
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Sports
  • 'No mismanagement, we didn't leave a poor legacy,' insists ex-Barcelona president Josep Bartomeu

'No mismanagement, we didn't leave a poor legacy,' insists ex-Barcelona president Josep Bartomeu

The Associated Press • October 15, 2021, 18:29:45 IST
Whatsapp Facebook Twitter

Josep Bartomeu said that most of the club’s financial woes had been caused by the impact of the pandemic, which closed down Camp Nou for more than a year and reduced other sources of revenue.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
'No mismanagement, we didn't leave a poor legacy,' insists ex-Barcelona president Josep Bartomeu

Barcelona: The former president of Spanish club Barcelona on Friday denied accusations by the current leadership that his board had left the team on the brink of bankruptcy because of poor management. Josep Bartomeu said that most of the club’s financial woes had been caused by the impact of the pandemic, which closed down Camp Nou for more than a year and reduced other sources of revenue. “There was no mismanagement, we did not leave a poor legacy,” Bartomeu told three Barcelona-based sports papers in a joint interview. “The club is viable, it has many resources to get out of this problem, and without the pandemic it would have only had 50 million euros ($58 million) in losses in 2020-21.” Barcelona closed the 2020-21 financial year with €481 million ($554 million) in losses, according to the current board led by Bartomeu’s successor, Joan Laporta. Current Barcelona CEO Ferrán Reverter said last week that the pandemic only accounted for €108 million ($124 million) of those losses, while the rest were because of spending outpacing revenues during Bartomeu’s tenure. When Laporta took over in March after Bartomeu and his board resigned, Laporta said he found a player payroll tallying €650 million ($771 million) that the club could simply not afford. Bartomeu defended the high salaries that his board had agreed to pay stars like Lionel Messi, Luis Suárez and Antoine Griezmann. Barcelona has let all three go in the past two years because it could no longer handle their hefty wages. “The payroll matched the parameters of the club’s revenues,” Bartomeu said. “We had an excellent management of revenues. We were the first club to reach $1 billion (then 914 million euros) in revenues (in 2018). If you earn more, the players make more. Until March 2020 (when Spain entered pandemic lockdown), the payroll was acceptable, but it became unsustainable as revenues fell.” As for Laporta’s decision to not re-sign Messi and let him join Paris Saint-Germain as a free agent, Bartomeu said it was a “mistake.” Bartomeu, whose demise as president was in part due to his public falling out with Messi, fought to keep the club’s greatest player when he wanted to leave in 2020. A year later, with Laporta in charge, Messi had wanted to stay but the club could no longer make his salary fit in a greatly reduced salary cap imposed by the Spanish league. “I have always thought that it is absolutely necessary for (Messi) to stay with us, not just because he is the best player in the world, but also for what he means to the club and its finances,” Bartomeu said. “It was a mistake to let Messi go. He represents much more than just a player who we all love.”

Tags
Sports Barcelona football Lionel Messi KickingAround FC Barcelona Camp Nou Josep Bartomeu Joan Laporta
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

WWE SummerSlam 2025 Night 2 results: Cody Rhodes beats John Cena in wild title match

WWE SummerSlam 2025 Night 2 results: Cody Rhodes beats John Cena in wild title match

Brock Lesnar's return headlines Night Two of WWE Summerslam Cody Rhodes defeats John Cena to become the Undisputed WWE Champion Becky Lynch defeats Lyra Valkyria to stay Women’s Intercontinental Champion.

More Impact Shorts

Top Stories

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV