President of FC Barcelona
There is absolutely nothing to suggest the government in any way will bail out Barca or Real Madrid if it comes to that.
It might force the clubs to change their structure to a SAD though which is a type of public limited company reserved for sports clubs, but that's the last option.
Likelier options are basically selling out stadium name, training ground name, whatever it is for a longer duration than the club ideally want for more money.
Once the COVID situation settles down and people are back at stadiums it'll start getting back to normal again. Barca cannot spend hundred of millions every summer, but there will be options available for a major transfer or two the next 2-3 years while we keep restructuring the club and our wage structure.
I understand it's tough to understand for people who follow clubs in other countries and don't quite understand the structure of clubs like Barca, but the only people Barca answer to are the socis and the club itself.
The debt is worrying, but it's not a death sentence.