The 1,500 million financing to make Espai Barça a reality has entered its final stretch. The negotiation is like a football match, with investors asking for explanations about the club's plans in case it ends up being left out of European competitions and the president, Joan Laporta, explaining himself. It should be noted that one of the insurmountable conditions of this financing is that the Camp Nou, Barça's main material asset, will not be mortgaged, which leaves the financiers with the unique guarantees of the additional future income generated by the new facilities. locations
That's why they want to make sure that Barcelona has a solid management plan for the worst possible scenario. What in business terms is called a management or strategic plan.
The proposal on the table has not changed, 1,500 million euros, in several sections, adapted to the demands of investors, since not all of them want to stay for the entire duration of the program and therefore there are different deadlines.
In addition, in the first installment, the club will have to allocate around 200 million euros to return bridging loans advanced by Goldman Sachs, the American bank that is leading the operation.
Since this past Monday, a senior executive of the financial institution has been directing the negotiations on site and receiving the club's explanations.
A few days ago, the investors, through the aforementioned bank, sent a long twenty questions to Laporta to find out how he planned to deal with the potential negative consequences of the Negreira case.
Concerns that grew once UEFA publicly announced that it was opening an investigation into the case.
The financing conditions set a 6% interest rate and the club had considered the possibility of refinancing the operation from the fifth year of the credit, a complex clause if you take into account that for several years, those in the construction, the club would not amortize capital, as it would not yet obtain the expected new income.
At the offices of the Blaugrana entity, they expect to present a definitive signed agreement very soon. To this end, the board chaired by Joan Laporta is meeting today at the Camp Nou with this matter as the main item on the agenda. The club self-imposed the date of March 31 (tomorrow Friday) as a deadline for underwriting the funding.
Tomorrow is also the day when Barcelona must inform UEFA where they will play their matches (the Lluís Companys stadium) next season.
Despite the fact that in this campaign they did not pass the first phase of the Champions League, Barcelona entered 70 million for this competition plus half a million for their competition in the Europa League. Money that would have to be obtained through another chapter if the Barcelona team is sanctioned by UEFA.
The governing body of European football must determine whether, after starting the aforementioned investigation, it will open the corresponding file.
