LIGA - Barcelona confirms losing 481 million euros in 2020/21 season

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On Thursday, Barcelona released a statement confirming the club's loss of €481 million in the 2020/21 season.

For the 2021/22 season, the Catalan club has set aside €765 million. On the weekend of October 16/17, the budget must be approved by the members' general assembly.

The board's statement made no mention of the club's present financial situation or the future of head coach Ronald Koeman, who has been under criticism recently.

Several board members have requested club president Joan Laporta to fire the Dutch coach, according to AS.

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In recent news, Bayern Munich president, Hoeness revealed that Barcelona was the club which Bayern tried to model themselves after. But that isn't the case anymore.

"Barcelona is no longer a model for us to follow, not in any way at all. The fact is, Barcelona is bankrupt. In Germany, Barcelona would have to file for insolvency".

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Source: transfermarketweb.com