Lionel Messi, Barcelona and the Crippling Cost of Success

In the past, that has contributed to the club’s largess: Bartomeu might not have been so desperate to land Dembélé, whatever the cost, had he not feared a fan revolt if he failed. Font, one of his potential successors, is convinced the lack of professional experience among previous boards has led to some of the poor decision-making.

Joan Laporta, a former president now running for his old post, last year labeled Barcelona “the club of three billion: one billion in income, one billion in expenses and one billion in debt.” He, like his rivals, has vowed to repair the team’s financial fortunes.

“It’s not your money but you can’t just do what you want,” Font said. “It has nothing to do with ownership structure, it has to do with poor governance, people who are not equipped to make decisions. For them it’s fun. It’s like a fun toy, I play with it, and I make decisions I believe make sense. That’s why you need people that understand playing with a toy in the wrong way can be dangerous.”

Now, though, it leaves the three remaining candidates for president with the toughest of electoral sells: promising cutbacks while continuing to meet the fans’ expectations. Most accept that the club’s salary commitments will have to be reduced, though that is rather easier said than done.

Just as Borussia Dortmund realized that Barcelona, in 2017, was in no position to haggle, European soccer — ravaged by the pandemic — is well aware that it is now, in effect, a distressed seller. Its players are unlikely to command premium prices, if buyers in a position to pay distorted salaries for aging stars can be found in the first place.

That has forced executives to examine other measures to try to alleviate the financial strain. Some of the costs — like an annual payment of five million euros to Atlético Madrid, a putative rival, for first refusal on any of its players — make little sense. Others, like seven-figure payments for past signings, are already baked in.

Article source: https://www.nytimes.com/2021/02/12/sports/soccer/barcelona-messi-contract.html