Soccer

I am a huge soccer/ football fan and one of the main reasons for this is the legendary club FCBarcelona. Widely regarded as one of the best clubs in the history of the sport with names like Xavi, Iniesta, Ronaldinho, and Messi being wrought in the red and blue, the club seems invincible in its history and greatness. With all of this in mind, it is hard to believe that the club is in a monstrous amount of debt, with some estimates being well over the 1 billion dollar mark. While this debt on its own has been filling the back pages of many newspapers itself, my biggest question is why is the club being so active in the transfer market. As of July 19th, the club have already confirmed striker Robert Lewandowski for $50 million, winger Raphinha for $64 Million, as well as Midfielder Franck Kessie and defender Andreas Christensen on free transfers (Transfermarkt). Kessie and Christensen may be coming in on frees, but they will still add to a wage bill that is already notoriously large. Many thought that Barcelona would be trying to make up their debt with a host of outgoings, but as of July 19th, 4 players have been confirmed to leave, and total fees for those 4 are around $26 Million. For a club in crippling debt, this is not a good look. Many veteran players and legends of the club have taken incredible pay cuts, while former players have returned to the club to add depth while playing on as little as a 1 euro a week, but even with these valiant efforts the club owes many of its players large sums from previous contracts. Midfielder Frenkie De Jong was one of the clubs best players, but due to their financial shortcomings, Barca owe the player over 100 Million euros and are trying to force the player out so they do not have to pay (The Athletic). Many people outside of the sport may not know about the situation at Barcelona, so I wanted to shed some light on it. The club is a major reason football is the most watched sport in the world, and as someone who still idolizes its players, it saddens me to see what it has become. 

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