PSG Boss Sentil Club A Lot Of Debt Like Barcelona

PSG Boss Sentil Club A Lot Of Debt Like Barcelona
PSG Boss Sentil Club A Lot Of Debt Like Barcelona
Istanbul

Nasser Al-Khelaifi poked fun at clubs that were heavily indebted like Barcelona. According to him, it destroys football.

Al-Khelaifi is a speaker at the European Club Association (ECA) meeting in Istanbul, Turkey, Friday (23/9/2022). The Paris Saint-Germain boss discussed important issues in the governance of European football.

One thing that Al-Khelaifi highlighted was the issue of debts that affected several European teams. One of the clubs involved in this problem is Barcelona.

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Barcelona was hit with 1.2 billion euros in debt in 2020 due to mismanagement under Josep Maria Bartomeu, and exacerbated by the COVID-19 pandemic. Los Cules also save money by cutting expenses, including cutting player salaries.

On the one hand, Barcelona is able to generate fresh funds in the midst of a crisis. Economic levers aka ‘economy lever’ is the mainstay Blaugrana the sale of part of the club’s assets.

Four activated ‘economy levers Barcelona generate revenues of around 700 million euros. Nasser Al-Khelaifi also criticized this strategy to get quick money instantly.

“Other clubs have 1,800 million euros in debt, this is definitely not healthy. That’s the danger in football. People stay four or five years as president and then leave debt and be a disaster for other presidents,” Al-Khelaifi said, quoted by Reuters. from US.

“That’s how it goes cycle after cycle. This is what we have to pay attention to and worry about because that’s what can destroy football. We need rules to protect clubs from debt and disaster,” he added.

“The new financial sustainability rules are a positive development. Cost control rules. They encourage new investments and investors. They will help ensure the sustainability of football.”

“But we have to be careful; dangerous levels of debt and injecting magic capital is not a sustainable path. We have to think long term, not short term,” Nasser Al-Khelaifi revealed.

(bay/raw)

The article is in Indonesian

Tags: PSG Boss Sentil Club Lot Debt Barcelona

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