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Specific Causes of Financial Crisis at Barcelona and Countermeasures

2022; Atlantis Press; Linguagem: Inglês

10.2991/aebmr.k.220307.482

2731-7854

Kehan Chen,

Fiscal Policies and Political Economy

FC Barcelona club, named as Futbol Club Barcelona, was founded in 1899 by groups of German, Swiss, Spanish and English football players, became the first most valuable football club and received countless honors worldwide.However, COVID-19 epidemic and salary structure has increased financial crises for the club over past two years.Hence, the focus of this research is on specific causes, especially salary structure, of the financial crisis at FC Barcelona and their treatment.For the research purpose, this paper uses secondary research method, and the information related to FC Barcelona has been gathered from different articles as well as relevant websites.To conclude, club's management made incorrect strategy i.e. "Buying and Paying Players" which increased the financial burden rather than the revenue.Costly purchase player, namely Philippe Coutinho, is not worth the high paid amount and is responsible for a heavy wage bill.In addition, Luis Suarez and Ivan Rakitic have not yet been replaced instead of age above 30 and low performance.The major reason behind the high paid football players in FC Barcelona club is their celebrity personality, which attracts more teenagers to join Club.