The recently elected president of FC BarcelonaJoan Laporta has to bring some financial stability to the club in the summer. To achieve this stability, he and his advisers have decided to approach Goldman Sachs, the US investment bank has decided to approve Barcelona’s request and sanction a loan of 500 million euros according to the Spanish media.
Barcelona is low tremendous debt due to the mismanagement of former president Josep Maria Bartomeu. The Spaniard had to finally resign early in the season after creating financial difficulties at the club. There have been serious doubts about the future of key players, including star man Lionel Messi.
At the moment they are facing a lot of problems, but the Catalan club’s main concern is to pay off the huge debt of 1,173 million euros. An amount of 750 million euros must be settled in the short term. Breaking down those massive numbers further, € 263 million is financial debt, € 160 million debt to staff because they cut their salaries, and € 200 million to cover bond financing.
Barcelona sources have explained to the newspaper L’Esportiu: “This credit will give the club air and stability, we can be calm this season and next. We have analyzed what could be the worst case scenario, that the fans do not enter the stadium during the next season. Still, we can be calm after this operation. “
It was also revealed that the US firm has been more flexible than other banks as they have offered favorable repayment terms. The fiscal operation would be totally different from the Espai Baraa project to renovate the Camp Nou and its surroundings.
During the initial audit in early 2021, it was reported that Barcelona You had made unethical payments and many transfer fee payments from previous transfers are pending. This deal would help the club navigate through financial difficulties for the time being, but a long-term plan will be needed for the club to grow on and off the pitch.