https://cronicaglobal.elespanol.com...s-en-tres-plazos-500-millones_772211_102.html
- Instead of sticking to the original plan of repaying 80m every year for 30 years after a 5-year grace period (a total cost of 2.4 billion euros including interest), Laporta wants to do the three installments of 500m each in 2032, 2045 and 2052, which is expected to drive up the total cost to 3.075 billion euros including interest. The extra money we will have to pay aside, the risk of the club being forced to pay such a large sum (500m) in one go is worrying. Where do we get 500m? I'd rather we fork up 80m every year. Of course we might be able to refinance later but that also runs the risk of further driving up the total cost. I don't know what Laporta is trying to do with this 3-installment scheme, it doesn't look like it is going to save money on interest payment at all. Kicking a huge can down the road for future leadership of the club. To me it looks like another one of those Laporta's "enjoy today, worry tomorrow" stints. He won't be here to pay the 500m installment when they mature.
https://cronicaglobal.elespanol.com...25-derechos-televisivos-barca_727067_102.html
- the buy-back price of the 25% of TV rights is 1.037 billion euros, exactly doubles what Six Street bought the rights for (518m)
- My question is, if I understand this correctly, that the buy-back can't get triggered until for another 20 years, what is the point of triggering the buy-back after 20 some years, after Six Street has already pocketed more than 1 billion euros (provided that La Liga TV money doesn't go down)? It will be like giving Six Street another 1 billion and they will have already pocketed more than 2 billion for the 518m they initially gave us. Scandalous deal indeed.