Barcelona's incredible £138m transfer debt revealed: Club open accounts showing money STILL owed to Leeds, Man City and more - including £36.5m for Raphinha and cash for a star sold last year!

Barcelona have accrued an alarming transfer debt of €159million (£138m), the club's latest financial report has revealed. 

The LaLiga giants shared their financial results to The Members' Assembly on Monday — and the economic crisis that has plagued the club over the past few years is showing no sign of easing.

Although shareholders approved Barcelona's report and new budget, a staggering £138m debt in transfer fees was revealed to raise huge question marks over the long-term sustainability of the club.

To make matters more concerning, the Catalans must pay €140m (£121m) of that sum by the end of this season to stay afloat, a significant increase from the €45m (£39m) due under the same category last term.

A large proportion of Barcelona's transfer debt is made up of unpaid fees from three big-money signings the club made in the summer of 2022.

The Spanish giants splashed out a combined €150m (£130m) on Robert Lewandowski, Raphinha and Jules Kounde during the profligate transfer window and have paid back less than half of that amount three years on.

According to Barcelona's recent report, the club still owe €42m (£36.5m) of Raphinha's transfer from Leeds, €25m (£22m) of Kounde's move from Sevilla and €10m (£8.5m) of Lewandowski's signing from Bayern Munich.

Barcelona also must pay €18m (£15.5m) to RB Leipzig as part of Dani Olmo's move to the Nou Camp in 2024 and €13.5m (£12m) to Manchester City for Ferran Torres.

Perhaps what is even more alarming is that the crisis is being affected by transfers made for players no longer at the football club.

Despite selling Vitor Roque to Palmeiras for €25m (£22m) in 2024, Barcelona still owe Athletico Paranaense €17m (£15m) of the fee they paid to lure him from the Brazilian outfit back in 2022.

It is understood the delay to Barcelona's new stadium — the iconic Spotify Nou Camp —  has significantly weakened the club's finances over the last few years.

The Spanish giants had hoped to reopen the revamped stadium in time for the first match of the new campaign, but persistent delays have forced the club to play matches away from their home ground.

As a result, matchday revenue has plummeted to worsen Barcelona's financial crisis. 

At the end of the 2024-25 fiscal year, club president Joan Laporta used 'economic levers' to bail the club out of €17m (£15m) loss — and the 63-year-old chief remains confident that Barcelona are making progress despite the latest report. 

'We are much better off than we were four and a half years ago,' Laporta said.

'Some of the statements surprise me – everything can be improved. But today we are much better off than when we arrived.'