la liga news

Barca players awaiting wages

July 7, 2010
By Soccernet staff

New Barcelona president Sandro Rosell has revealed the club is currently unable to pay the players last month's wages.

Sandro Rosell
GettyImagesSandro Rosell is looking to address the club's financial problems

Rosell firm on Fabregas

Rosell, who has now formally replaced Joan Laporta, has spoken of the "cashflow tensions" at the club. Defender Dmitro Chygrynskiy has been sold back to Shakhtar Donetsk for €15 million just one year after his arrival, and they are to take out a €150 million loan to ease the concerns.

"At this point, we have to take a loan to pay the wages of the players," he told Sport. "The squad were supposed to be paid at the end of last month and still haven't been.

"We'll fix a loan of €150 million. The banks know that we have a business plan that will allow them to recover the money."

He added: "The members shouldn't be afraid because it is under control. We must resolve this tension. It can be done in two ways: to have extra income, like selling Chygrynskiy, and/or taking a loan, which is what we have done.

"The previous board had already begun this process. We followed the same path - the same banks, the same target but with a different business plan.

"They (Laporta's board) also knew they needed this credit. We hope to sign it this week."