Victor Font's solution to Barcelona's economic crisis
The potential next president has some ideas about what the club need to do
Barcelona are in a serious economic situation which will oblige whoever takes over to take quick and efficient decisions. Victor Font, one of the presidential candidates, explained to SPORT what the measures he would take are to turn around the situation.
“Nothing that has been made public has surprised us,” said Font. “It’s been some time that we’ve known that this is the reality and that’s why it’s essential to have a project.”
Font blames the debt the club has on “take bad sports decisions” and “the structure of costs the club has was not prepared for a fall in income that the club has suffered during the pandemic.”
Font continued: “In the first place you have to have a team in charge that has different experiences in complex situations, like what we have now, solvency in business management is a critical attribute in these moments to lead Barca.
“We have to implement urgently the plan we have defined, which as two parts. Restructuring the costs, ensuring the bottom line, for the level of income we currently have, and refinancing all the short-term debt to make sure we avoid bankruptcy.”
One of the red lines he does not want to cross is “the ownership model, that’s a priority for us, we want to stop Barca being converted into a public limited company.”
