Barcelona seek fresh €100 million loan to mitigate economic crisis – report

In a case of history repeating itself, Barcelona have once again found itself trapped in a familiar financial quagmire, as we approach the end of the 2023/24 campaign.

With Barça uncertain of its revenue streams for the coming summer, it appears the club are now seeking the possibility of raising fresh debt in an attempt to mitigate the financial woes.

New loan worth €100 million

According to La Vanguardia (h/t Mundo Deportivo), Barcelona have initiated negotiations for a new loan, with the amount contingent on the terms of the upcoming Nike sponsorship deal.

This loan is expected to provide the necessary funds to cover the club’s annual deficit and looming debt obligations.

This move comes as the club grapples with a significant shortfall in anticipated funds and a looming deadline that could further complicate their adherence to La Liga’s Financial Fair Play regulations.

A tense summer awaits Barcelona (Photo by JOSEP LAGO/AFP via Getty Images)

The initial source of Barcelona’s financial woes stems from the failed sale of a 49% stake in Barça Studios, their media subsidiary. German investment firm Libero was expected to provide a significant financial injection through this acquisition.

But the deal has collapsed, leaving the club exploring various options, including the potential sale of additional assets and seeking alternative financing solutions beyond the loan negotiations.

The success of the new Nike deal is also crucial, as increased sponsorship revenue could provide much-needed breathing room.

Negotiating a favourable loan, securing additional revenue streams, and potentially finding a new investor for Barça Studios are all essential steps on the path to restoring financial stability.

Time, however, is of the essence, as the June 30 deadline looms large, threatening to trigger another financial crisis for the Catalan giants.

Source link : https://barcauniversal.com/barcelona-seek-fresh-e100-million-loan-to-mitigate-economic-crisis-report/

Author : Connell Edgar-Jones

Publish date : 2024-05-19 11:24:27

Copyright for syndicated content belongs to the linked Source.