An excellent analysis of the club's finances, from a blog linked by Bluenine in the Inter thread:
http://swissramble.blogspot.com/2010/08/whats-happening-with-barcelonas.html
It's not perfect because not all information is available, but in summary, it basically confirms what we all suspect - the club's financial position is not as good as Laporta said in June, and not as bad as Rosell claimed in July. Considerable politics involved.
Rosell basically made some very conservative assumptions in order to turn the profit into loss, and harshly pick and chose what accounting principles to follow in order to create a huge debt figure.
But overall, I don't see anything to be worried about. The wages/turnover ratio was over 60% last year, but will fall slightly this year thanks to the sale of some big earners. Provided of course that turnover doesn't fall drastically either. Smaller squad with more youth players means less wages. We also earned sizeable transfer fees from Toure and Chygrinskiy.
Also, the bonuses at Barça are also very very high compared to other clubs, and this won't happen every year (unfortunately
).
If there are problems with the TV contracts, then Rosell will probably opt for a shirt sponsorship, which I'm certain will be among the top 3, if not the highest, of any club in the world. Though with Herbalife and TV3 already on the sleeves, I do hope they hold out for as long as possible.
And finally, the debt is pretty high (even after removing Rosell's 'worst-case' assumptions) but as I've said before, for any big club, and especially for a social institution like Barça, debt means nothing. No Spanish bank will dare to threaten the club for outstanding debts, provided of course the team doesn't drastically spiral into a midtable side that doesn't win anything.