June 23, 2024

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Barcelona: Espai Barra referendum: The club plays its future this Sunday

Barcelona: Espai Barra referendum: The club plays its future this Sunday

eBarcelona are risking a large part of their future in the referendum on the funding of Espai Barra, which will take place on Sunday. Joan Laporta’s board of directors asked the partner to let them research Credit 1500 million To be able to afford a project the Bartomeu Council had originally estimated at 600 million, but it has become obsolete.

This is what the Espai Para project will be like: they will have to ask for a loan of 1,500 million euros

Despite the fact that the club already has a debt of 1,300 million, the current board considers that greater indebtedness is necessary to confront An indispensable project for club growth. Without a new modern stadium, the club would lose about 200 million per season and be inferior to its big rivals, who already have a new stadium.

Laporta has played down the impact of this new debt on the club since it just started Pay when the stadium is already built And take profits. The president stresses that there are three red lines that will never be crossed with this project: the business will never cost the partner money, the project will never jeopardize the sports management and the Cub’s assets will not be mortgaged as collateral.

The Barcelona President had the support of the centrist partners in the last General Assembly to call this referendum among the partners. If approved, the club will have to seek such funding for Espai Bara which will have to be finally ratified by the members of a new association. For the first time in the club’s history, voting will be by remote operation.

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