(CNN) -- Barcelona's money problems are worse than expected, according to the Spanish champions' financial vice-president Javier Faus.
A new audit by accounting firm Deloitte revealed that the Catalan giants actually made a loss of €77.1 million ($100 million) for the 2009-10 season, Faus said in a statement on the Barca website on Tuesday.
The previous board had announced the club was €11 million ($14 million) in profit up to the end of last month, when president Joan Laporta stood down to be replaced by Sandro Rosell.
"The accounts submitted on June 30 do not reflect the true picture of the club," Faus said.
CNN
