By Emmanuel Oladele - Barcelona economic situation worsen as the club President Joan Laporta revealed debt to be €1.35 billion. The President who made this announcement in a press conference on Monday also announced a loss of €481 million to the Spanish La Liga which raised so much concerns about the financial state of the club.
According to Laporta Statements, club's salaries takes about 103 percent of club's total income which is far higher than that of other big teams in La Liga.
The current economic situation has also made negotiation of players' contracts difficult in recent time.
Will Barcelona ever recover from this bad economic situation?
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