Barcelona Could Lose Over €36m In Tax Fines

barcelona_logoBarcelona have announced that the club’s annual revenue has increased from €308.8 million to €384.8 million for the year ending June 2009. But the good news has been tainted by reports that ‘El Tricampeon’ could face tax fines for irregular player payments from back in the 1990s.

Barca must dish out at least €25.5 million to Spanish tax authorities for discrepancy in player wages, but the amount could be even higher than expected. Joan Boix, the club’s vice-president of economic affairs, admitted that they could pay an additional €36 million depending on a court decision, but he is confident that the Catalans have a sound enough foundation to overcome any monetary crisis.

Footballpress

~ by footballdirecta on August 25, 2009.

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