But Rossell, who still maintains that the club can bring Cesc FÃƒÂ bregas to the Camp Nou this summer, says a Ã‚Â£125m loan has been secured in order to pay wages.
“We found a club in debt, with liquidity problems. At this point we have to take a loan to pay the wages of the players,” he told Sport.
“The banks know that we have a business plan that will allow them to recover the money. The club is not bankrupt because it generates income,” he added.
“The members shouldn’t be afraid because it is under control. We must resolve this tension.”
The club recently sold defender Dmitro Chygrynskiy to Shakhtar Donetsk and Yaya Toure to Manchester City for a combined total of about Ã‚Â£22.5m.
Speaking about the possibility of signing FÃƒÂ bregas, Rossell said: “It’s now or never. We’ll do it fast. It won’t be protracted.
“I’ll try to see Wenger in South Africa, then we’ll tell you what happens.
“We would not pay the 50-60m euros that I have read about. If Arsenal do not go crazy, he might play at Barca.
“There will be 50m euros to sign more players. This is the case every year. This is our plan for the future.
MORE: Man United latest news
MORE: Arsenal latest news
MORE: Chelsea latest news
MORE: Liverpool latest news