Barcelona Spent Its Way Into Crisis. Can It Now Spend Its Way Out?
One of the world’s biggest soccer teams needed to close a $700 million shortfall. Its president, Joan Laporta, may have done it. But the club’s problems are not over.
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One of the world’s biggest soccer teams needed to close a $700 million shortfall. Its president, Joan Laporta, may have done it. But the club’s problems are not over.
Joan Laporta reaffirmed the club's desire to be in the Super League project, perhaps as a way of alleviating some of the pressure of their 1.173 billion euro debt. " Super League is not the best way to rebuild relations with UEFA, but I understand it from the point of view of the need to obtain a greater amount of income, above all for the stability that this could generate for him. Whether he has misjudged the results will only be known in the future," says Xavier Ginesta, an expert on the geopolitics of football. Nevertheless, there is one person that comes out worse from this failed ve...