Categories: Sports

FC Barcelona assures that the ISL loan to members of the Board did not have commercial “compensation”

BARCELONA, 15 May. (EUROPA PRESS) –

FC Barcelona wanted to clarify information published by a media outlet in reference to a bank account of the club’s directors and assured that, specifically, the loans from the ISL company to members of the Board had no commercial “compensation” and that it continues working with the company for its good results, not for having helped the Board.

The club explains in a statement in response to this information that, once the “excessive guarantee” of 124 million euros was established, in which the directors “exposed their personal assets” and which allowed the club’s governing team to be formed, the Members of the Board had to activate a collegiate account to cover the costs of maintaining the guarantee.

“In this account, the members of the Board of Directors received aid in the form of a loan without other compensation. In the case of the company ISL Futbol Limited Liability Company, its contribution did not generate any additional compensation,” says the entity.

In the same statement, it is noted that in recent years the club has been reducing its commercial relationship with this company, which began in 2015, and that it has done so due to the “better opportunities” it has found in the market, without prejudice to the fact that The business relationship continues due to the “high degree of satisfaction received for their tasks.”

Information provided by the club following the fact that El Periódico de Catalunya reported this Wednesday that ISL Futbol Limited Liability Company, an American sports marketing company with its tax headquarters in Charlotte (North Carolina) and head office in Miami (Florida), entered 350,000 euros in that joint account of the Blaugrana managers.

This article states that only six months after that entry, FC Barcelona officially announced that ISL LLC would be the company in charge of organizing two friendly matches for the first team in the United States, in July 2022.

George Williams

George is a football fanatic, and he himself is a good football player. He does cover Football news from around the world, and share on Sportsfinding. He makes sure that the news content he creates are factually correct, and written in good English to meet the readers’ expectations.

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