Barcelona ‘need €500million to overcome financial turmoil’ says Nou Camp chief Eduard Romeu
‘We need 500 million euros to save Barcelona!’: Nou Camp chief Eduard Romeu reveals that the financial situation of the Catalan giants is ‘still critical’…
- Barça reeling from years of financial mismanagement under Josep Bartomeu
- Eduard Romeu says Catalans need €500m to be rescued from ‘drama’
- Romeu says Barcelona’s problems started with ‘patrimonial imbalance’
- The economic vice president also claims that the financial problems are ‘hereditary’
Eduard Romeu, the economic vice president of Barcelona, says the Catalan giants need 500 million euros to be rescued from financial turmoil.
Romeu says the problems at Barcelona started because of a ‘patrimonial imbalance’ and that they could have incurred €150m (£128m) more in losses had they ‘done nothing’.
He also claims the financial problems are “hereditary” after years of financial mismanagement under their former president Josep Bartomeu and his predecessors.
Eduard Romeu says Barcelona needs €500m to be rescued from financial turmoil
The LaLiga giants have been in financial turmoil for some time, with Laporta announcing a debt of £1.15 billion in 2021.
The economic problems led to the departure of talisman Lionel Messi, as Barcelona were unable to keep their club captain and iconic number 10.
The coronavirus pandemic, which forced Barcelona’s games to be played behind closed doors for 18 months, also played a part in the club’s economic downfall.
When asked to define the club’s current economic situation, Romeu said it was still “critical” and they needed €500 million to strike a balance.
Speak with SportRomeu: ‘It is still critical, but the advantage compared to a year ago is that we know where we are and that we have identified the problem. We know what the drama is.’
The economic vice president also claims the financial problems are “hereditary” after years of financial mismanagement under their former president Josep Bartomeu (above)
Romeu says Barcelona could have lost €150m more if they had ‘done nothing’
When asked how much money it would cost to get Barcelona out of the financial hole they find themselves in, Romeu said 500 million euros.
The economics expert said: ‘The number that does the most damage is that of the patrimonial imbalance. Negative funds of €500 million. If we didn’t act, there would be about €150 million in losses added to this price.
He added: “I already said it one day, if someone wants to make me a man, give me 500 million euros. That’s what we need to save Barca.’
Romeu was then asked whether Bartomeu was at fault for the financial circumstances at the club.
The economic problems led to the departure of talisman Lionel Messi – who joined PSG. added
He said, ‘The situation is what it is. It stems from heredity. Of the things that have been done and not done well and of the things that have not been done.’
“If we talk about the Espai Barca, which is essential, that means, for example, three years with less ordinary income.”
Barcelona announced their plans to radically change the Nou Camp in October 2021 – shortly after the club announced that the club was in debt of £1.15 billion.
Barca have released their new plans to refurbish their Nou Camp stadium as part of the ‘Espai Barca’ makeover designed to transform the club’s facilities.
Barcelona still wants to continue with the renovations, as they are eager to turn the 90,000-seat stadium into an ‘technology avant-garde’.
Barcelona have unveiled plans to modernize their 99,000-seat Nou Camp stadium in 2021
The Barcelona site gets more facilities for fans, new VIP areas and a stadium roof
Barcelona will also create more facilities for supporters, including new VIP areas, while seating in the stadium – the fourth largest football arena in the world – will also increase after the plans are completed.
The new stadium will have ‘sustainability in the DNA of the project’ with solar panels on the new Nou Camp stadium, with geothermal energy and a new water recycling system underground.
A new hotel, a set of club offices, a bus parking area and a pavilion with an ice rink will also be built as part of the proposed renovation plans.