Barcelona say audit of finances prove club was ‘technically bankrupt’ this year

"When we came in this March, we found a club that was technically bankrupt; if it was a PLC, (the club) would have been dissolved," Ferran Reverter, CEO of FC Barcelona said. "There was no cash flow and we had difficulties paying salaries. Debt and future liabilities amounted to €1.35 billion and there was an urgent need for refinancing." NO USE SPAIN.