read moreīarca in December approved financial plans to renovate their famous Camp Nou stadium, including raising an additional 1.5 billion euros in debt. Laporta said in August the club's debts totalled 1.35 billion euros, 673 million of which is owed to banks.
Barcelona finances free#
He inherited a deep financial crisis exacerbated by the COVID-19 pandemic and, restricted by LaLiga's Financial Fair Play (FFP) rules, Barca were unable to re-sign club great Lionel Messi who left as a free agent for Paris St Germain last summer. Laporta, who presided over one of Barca's most successful periods between 20, was elected last year for a second stint with the Catalan giants after the previous board resigned due to the club's worsening finances and other controversies. "I'm all in favour of helping out but at this moment we have to tidy our house first." The (CVC) operation that was presented was collective and Barca have their own special value," he said. "We want to recover this asset in 25 years.
Barcelona finances tv#
Laporta said Barcelona had opted out of the 1.994 billion euro investmentfrom CVC Capital Partners with LaLiga in exchange for 11% of the TV rights over the next 50 years because they disagreed with the amount and length of the deal. "We believe that using club's assets to create financial levers is the best way to bring back Barca to being competitive again." Investors were demanding 200 million euros that we did not have," Laporta told the assembly. We couldn't afford the payroll of May 2021. "When we arrived last year, we found ourselves in a very complicated financial situation. "We are going to bet on La Masia, which will allow us to develop the model we want.The plan to sell BLM received 89.3% backing from 636 participants (only 14.2% of the club's total delegates) in the referendum while the TV rights deal got 86.8% support. The short-term prospects are complicated, but in the medium-term they are magnificent," said Laporta, adding that Barcelona plan to return to developing young players as they did with Messi, who came through the youth system known as 'La Masia'. "Sunday showed that Barcelona fans are hungry for football and to see a team that fights and plays well". Barcelona president Joan Laporta has admitted that the Catalan clubs finances are in a worse state than he initially thought.
"All the players are more motivated than ever." At this point, we already know that Barca need to reduce their salary bill by around 200million to register their four new signings, as well as Lionel Messi ‘s.
"It was a very Barca-like reaction," Laporta said. Barcelona find themselves in the midst of a financial crisis, and an interesting study on the club’s finances has revealed just how difficult a situation the Catalan giants face. From now on we will be an opponent."īarcelona opened their season with a 4-2 home win over Real Sociedad on Sunday. "I wish him all the best, I like to see him happy, he deserves it. "I would have preferred to see him at Barca, although we have made the right decision," Laporta said. Barcelona’s president, Joan Laporta, painted a grim picture of the club’s financial plight at a press conference on Monday, revealing the true scale of mounting debt while urging senior. He confided that the Argentine's presentation as a Paris Saint-Germain player on Saturday left him with "mixed feelings, like all Barca fans". "We are all tightening our belts, in a couple of years the club's finances will be healthy."Īs for Messi's departure, Laporta said that the two sides held "negotiations that both parties hoped would be fruitful but didn't work out.
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