500M loan.
The club gets a loan from the US investment group that allows it to restructure the debt and save the delicate situation in the short term.
One of the first objectives was to reorganize the club's debt, which is, according to the latest financial report, 1,173 million euros, 730 of which should be settled in the short term. Bar?a owes, among other things, 265 million euros to the banks and about 160 to the club's sports staff. In addition, it has to deal with the issuance of bonds, worth 200 million euros, made by the previous board chaired by Josep Maria Bartomeu.
And the work that has been done in recent weeks has already borne fruit. The club has secured a loan of 500 million euros to refinance part of this debt. The entity that will help the club will be Goldman Sachs. The American investment fund has offered great conditions to the club. "Much better than any bank could offer," they explain from the club.
The loan of 500 million euros already negotiated with Goldman Sachs "will give air and stability to the club", they explain from Bar?a. "We can be calm this season and next. We’ve put ourselves in the worst of scenarios, not getting audiences in the stadiums all next season. Even if it were like that, we can be calm after this operation ”.
Of this loan of 500 million euros, Bar?a will receive 100 million immediately, with which it will be able to meet its contractual obligations before the end of the season on 30 June.
The club considered selling the naming rights to Camp Nou and there remains an option to sell a stake in Barca Corporate -- a business that houses the Barca Academy, Barca Innovation Hub, Barca Licensing and Merchandising (BLM) and Barca Studios -- but a source says the loan has bought the club some time.
https://www.lesportiudecatalunya.ca...n-sachs-ajudara-el-barca-amb-500-milions.html
https://www.espn.com/soccer/barcelo...-pay-off-100m-in-wages-with-bank-loan-sources