• Thursday, Jun 30, 2022
  • Last Update : 04:24 pm

Laporta: Barca can escape financial hole in 18 months

  • Published at 08:15 pm August 16th, 2021
Laporta
Joan Laporta

Laporta said Barca have many potential sponsorship deals open to them

FC Barcelona can reverse their poor financial situation within a year and a half, president Joan Laporta told a news conference Monday, after saying the club ended last year 451m euros ($531m) in the red.

Laporta said the team have many potential sponsorship deals open to them.

With their finances in dire straits after years of wage inflation and expensive transfers, the club could not afford to renew its contract with star striker Lionel Messi, leading to his shock departure to Paris Saint Germain last week.

Still, Laporta said he was optimistic for the future, stressing that the club had many options open to it, including some 17 investors interested in Barca Studios, which groups together the club's audiovisual businesses and serves as a hub for events.

Barca's previous management had contracted investment bank Goldman Sachs to seek potential investors for the club's commercial arm but none of the proposals were satisfactory, Laporta said.

The club's debts total 1.35bn euros, 673m of which are owed to banks, Laporta said.

Last week Reuters reported that Goldman had agreed to lend 1bn euros to private equity firm CVC's planned multibillion euro investment in Spain's top football league, LaLiga, a deal which Barca opted out.

Along with rivals Real Madrid and Athletic Bilbao, Barca voted against the proposal at a general assembly Thursday.

Laporta had previously slammed the deal as "mortgaging the club's television rights for the next 50 years", even though the cash injection could have allowed Messi to stay at the Camp Nou.


50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail