He FC Barcelona held this Thursday one of the most important board of directors in its entire history. Under debate, and as the main issue, is the financing of Espai Barçathe work must change not only the Camp Nou but also the whole environment. Joan Laporta and its entire board of directors approved the financing plan, with a limit of 1,500 million, voted by the partners in the Assembly of Delegates.
Once the approval of the president and his entire board is received, this Friday investors are expected, with Goldman Sachs and JP Morgan to the leader, also give their approval to the operation and it can be officially announced. It was not until later when Barça released a statement giving details of the agreement, although some information pointed to the 1.5 billion They can be divided into three different tranches of 500 million each and the interest rate ranges from more to less. Despite the fact that the current economic situation, with high inflation and sky-high rates, will cause high interest rates – maybe more than 6% -, the provisions set out in the agreement have -thinking of an improved interest rate in the following tranches, because the rate forecasts are expected to be better at that time.
The meeting ended after 9:00 pm
The board of directors started around 2:30 pm at the facilities of Camp Nou and, after nearly seven hours of meeting, report and the managers left the stadium facilities without wanting to make any kind of statement. Besides the financing of Espai Barça Another important issue to discuss is the ‘Negreira case‘, and more considering that the UEFA He decided to open a file investigation in the Barça club and appointed two investigators. The Barça club has shown itself to be cooperating with the highest body in Europe and has extended its hand to provide all the information it needs and has.
Two credit policies were renewed
On the other hand, the Board of Directors of FC Barcelona approved today the renewal of two credit policies that the Club implements with two banking entities, Caixabank and Banco Santander.
In the case of the Caixabank policy, which expired on April 30, 2023, it was extended until April 30, 2026, with a maximum amount of 17 million euros.
Regarding the Banco de Santander policy, which expired on May 15, 2023, it was also extended for three years, until May 15, 2026, with a value of 32.5 million euros.
The approval of these two financing operations strengthens the Club’s ability to carry out its ordinary operations and is an example of the trust that the entity continues to build in banking entities.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
