Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

Specific Causes of Financial Crisis at Barcelona and Countermeasures

Authors
Kehan Chen
Rutgers, the State University of New Jersey, New Brunswick, New Jersey, the US, 08901
*Corresponding author. Email: kc1102@scarletmail.rutgers.edu
Corresponding Author
Kehan Chen
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.482How to use a DOI?
Keywords
Fc Barcelona; High- Paid; Low Performance; Financial Crises; Salary Structure
Abstract

FC Barcelona club, named as Futbol Club Barcelona, was founded in 1899 by groups of German, Swiss, Spanish and English football players, became the first most valuable football club and received countless honors worldwide. However, COVID-19 epidemic and salary structure has increased financial crises for the club over past two years. Hence, the focus of this research is on specific causes, especially salary structure, of the financial crisis at FC Barcelona and their treatment. For the research purpose, this paper uses secondary research method, and the information related to FC Barcelona has been gathered from different articles as well as relevant websites. To conclude, club’s management made incorrect strategy i.e. “Buying and Paying Players” which increased the financial burden rather than the revenue. Costly purchase player, namely Philippe Coutinho, is not worth the high paid amount and is responsible for a heavy wage bill. In addition, Luis Suarez and Ivan Rakitic have not yet been replaced instead of age above 30 and low performance. The major reason behind the high paid football players in FC Barcelona club is their celebrity personality, which attracts more teenagers to join Club.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.482How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Kehan Chen
PY  - 2022
DA  - 2022/03/26
TI  - Specific Causes of Financial Crisis at Barcelona and Countermeasures
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2959
EP  - 2963
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.482
DO  - https://doi.org/10.2991/aebmr.k.220307.482
ID  - Chen2022
ER  -