Dubai-based company set to bail Barcelona out of debt situation

Barcelona

A Dubai-based company is said to have offered to buy Barcelona’s debt for a whopping €1.5 billion (£1.3 billion), which would give the Catalan giants more flexibility in upcoming transfer windows.

Barcelona’s financial problems are well known. They are in over €1.3 billion in debt, which prevented them from re-signing club legend Lionel Messi and forced them to negotiate wage cuts with some of their top players.

There is still a long way to go before Barcelona can repay that debt, but their prayers may have been answered by a Dubai-based company willing to work out a deal with the Blaugrana to clear those debts for them.

SIT Ng

Catalan news outlet 8TV was the first to reveal what appears to be a formal document from the Dubai-based company.

Barcelona would not be required to make any repayments to the Dubai company for two years as part of the agreement, and they would be able to spread their payments over 12 years. The deal is also said to include low interest rates and sufficient upfront payments to give Barcelona some wiggle room when the January transfer window opens.

The club’s “priority” signing is believed to be RB Leipzig’s midfielder, Dani Olmo. However, president Joan Laporta also wants to sign Borussia Dortmund’s Erling Haaland and has his sights set on a free transfer for Manchester United’s Paul Pogba next summer.

In Barcelona’s current financial situation, blockbuster signings are unlikely, but this mysterious offer could be the answer to their prayers – even if it means incurring another €200 million in debt over the next decade or so.

The proposal is now on the desks of economic vice-president Eduard Romeu and CEO Ferran Reverter. They will scrutinize the details before meeting with Laporta to make a final decision.


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By Comr Amos Kalu
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