Barcelona’s president says club’s debt now at $1.6 billion

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Barcelona’s president said its debt had risen to 1.35 billion euros ($1.6 billion).

“Our salaries represent 103% of the club’s total income. That’s 20% to 25% more than our competitors,” Laporta said in a news conference. “We have found ourselves in a difficult situation to renegotiate the players’ contracts.”

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