27.8 C
Delhi

Barcelona’s financial backing details revealed

Barcelona President Joan Laporta had to produce 15% of the budget of the season to be sworn in as the president for the second time in his life. There were concerns as to how the newly re-elected Barcelona President would produce those funds, and details have now emerged regarding the breakup of the funds assembled by Laporta. 

Laporta himself acted as a guarantor for 15 million euros, of which 10m euros are with the help of a friend whose identity remains hidden. As per La Vanguardia on Sunday, a total of 60m euros has been guaranteed by directors, with half of that coming from Jaume Roures.

joan laporta koNG U120919461711gs 1248x770@RC Barcelona's financial backing details revealed

Meanwhile, Audax Renovables will back up 17.3 million (Jose Elias 9m euros and Eduard Romeu 8.3m euros), Antonio Escudero 1.3m euros and Jordi Llaurado 1m euros.

It is Laporta’s 15m euro investment that is attracting the most interest, however, due to the secrecy of the money which has come from overseas. 

- Advertisement -TechnoSports-Ad
Fati, Coutinho and Messi impress as Barca break the curse of Balaidos

The new President was the majority’s choice after he secured twice as many votes as Victor Font, his closest competitor in the run for the vacant post. One of the main targets for Laporta will be to convince Lionel Messi to stay at the club and prepare a sporting project that will be convincing enough for the Argentine to stay at the club following the fiasco last summer where he handed in a transfer request via burofax.  

There is a positive feeling in and around the club after their 1-6 victory over Real Sociedad despite their elimination in the Champions League. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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

Popular

TechnoSports-Ad

Related Stories

More from author

Borussia Dortmund 1-0 PSG: Champions League semifinal first leg results

Borussia Dortmund defeated PSG 1-0 in the first leg of their Champions League semifinal tie, with Niclas Fullkrug scoring the only goal of the...

IPL 2024 results: PBKS defeat CSK by 7 wickets – 5th straight win for Punjab

PBKS overcame CSK in front of their home crowd, winning by seven wickets as they comfortably chased down their target of 163. In spite...

Noah Sadaoui to join Kerala Blasters on 2-year contract

Noah Sadaoui is set to join Kerala Blasters from FC Goa in the off season, in what will be a massive deal for the...

Thiago Silva yet to decide new club after Chelsea exit confirmation

Thiago Silva recently put out an emotional video saying he would be leaving Chelsea after four years, confirming the rumours of his departure. The...