Luftstalag14
Culé de Celestial Empire
We renewed with CaixaBank for 4 more years without monetary reductions. Estimated to bring in 5m a year.
Gracias CaixaBank.
Gracias CaixaBank.
What is our problem ?!
Is it more important to get players out to save their wages or get players out for the transfer fee ??
Get players out, especially the high earners with a lot of amortizations left, since our problem is more salary cap than actual revenues. Also, selling players in today's age of COVID won't generate much.
We renewed with CaixaBank for 4 more years without monetary reductions. Estimated to bring in 5m a year.
Gracias CaixaBank.
President Joan Laporta has secured a 10 year loan for Bar?a from the Goldman Sachs investment fund worth ?455M. The club will have to return the loan in full within the 10 years, with an interest rate of 1.98% and a guarantee in Bar?a?s television rights. [cadena ser]
The agreement also ensures the issuing of a new debt of ?70M in the event that the club has to make late payments. [cadena ser]
After the cvc fuss regarding television rights this finished club gave it up anyway.
The TV rights only come into play if we default on any payments
It's a never Ending deal with GS, they know it's impossible to repay them in a period so short.
And them taking the role of "Financial Advisor" for FCB they are going to insure their interest first THEN FCB.
At 1.98% interest GS is not interested to get it's money back in a conventional way, that would be a waste of money and time from them.