Joan Laporta mentioned in one of his last press conferences that he had reached an agreement to obtain a low-interest loan for Barcelona's depleted coffers. 'Mundo Deportivo' claims that the agreement has already been formalised for 595 million euros.
Financial relief for Barcelona. After taking the reins of a sinuous situation, largely due to the management of the previous president, Joan Laporta closed a new ten-year credit line with an interest rate of 1.98% with 'Goldman Sanchs' - an investment banking group - as financial advisor.
'Mundo Deportivo' reports on this agreement and details that it amounts to 595 million euros. The amount is 455, but it is necessary to add 140 of already contracted debt that the president has managed to renegotiate. This means that he may be able to enjoy a certain reduction in the payment of these debts.
To achieve this financial injection, the Catalan club has relied on the television rights it will receive in the near future. As a brand, the team remains one of the most attractive on the planet and is likely to continue to generate a lot of money in the years to come. That is the key to having gained the confidence of investors.
This loan is no secret, even if it was brought to light by the source mentioned in the second paragraph. Joan Laporta, in one of his last press conferences, stated that he was close to closing such a deal at a low interest rate and that is exactly what he has done. It is time to manage it wisely in order to improve the club's financial situation.