Barcelona Says Audit Shows Club Was Technically Bankrupt

Barcelona's Gerard Pique looks round as Atletico Madrid's Luis Suarez, center rear, celebrates after scoring his side's second goal during the La Liga soccer match between Atletico Madrid and Barcelona at the Estadio Wanda Metropolitano in Madrid, Saturday, Oct. 2, 2021. (AP Photo/Manu Fernandez)

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By Associated Press

October 6, 2021 at 1:09 PM UTC

This article is for subscribers only.

Madrid (AP) -- Barcelona was technically bankrupt when president Joan Laporta took over earlier this year, the club said Wednesday.

Barcelona CEO Ferrán Reverter presented a grim picture of the club’s financial situation while releasing the results from a Deloitte audit that started after Laporta arrived in March following the resignation of former president Josep Bartomeu and his board of directors last year.