Tuesday, November 30, 2021

Barcelona agree on a loan deal with Goldman Sachs worth €455 million

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Barcelona’s dire financial condition could see an uplift in the next few months, with the club agreeing on a cash injection worth €455 million. 

Goldman Sachs oversaw the sanctioning of the loan from different investors, with a period of 10 years at 1.98% interest. According to Sport, the deal is sanctioned with television rights. 

The Espai Barcelona project is also expected to benefit from the loan deal taken up by the club, as they said: “the confidence that Barca generates in the international finance market with the new board and new executive team, and the strength of the Barca brand.” The project was initially expected to cost €700 million, but the delay has caused the expenses to shoot up to €1.2 billion. 

Barcelona managed to renegotiate €140 million worth of outstanding debt at a lower interest rate, while also taking half a billion dollars to help them with their finances. As per Joan Laporta himself, Barcelona have over a billion dollars worth of debt and are in a very precarious financial position due to the shortcomings of the previous management. 

The lack of prominent player sales has also resulted in an absence of funds for the club. The club lost Lionel Messi for free but had his wages taken off the books, which makes it easier for Barcelona to negotiate other players into the club. 

However, Barcelona could yet sell Miralem Pjanic and Samuel Umtiti by the end of the window to help the club out a little further with the finances. 

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Avatar of Arsh Das
Arsh Das
A music enthusiast, also passionate about football and bringing you the latest in the sporting world every day.


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