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October 16, 2010: FC Barcelona Announces Record Loss, Lawsuit against Former Management

2010-10-16

FC Barcelona president Sandro Rosell announces that in the previous season the football club made a record loss of €79.6m and that its debt has climbed to €430m. Rosell also proposes that the club file suit against previous president Joan Laporta over dubious bookkeeping practices, a proposal that is approved by a narrow majority at the general assembly of club’s members. According to Rosell, when he took over from Laporta (see June 13, 2010), he had the club’s books checked by outside auditors. The results of the audit led him to propose the action against Laporta, with whom he has been in conflict for several years. [DPA, 10/16/2010]