Goldman Sachs grants 500 million to the rescue of Laporta

The US investment bank Goldman Sachs has reached an agreement that is the closest thing to a life jacket for the delicate economic situation of Barcelona. According to the exclusive advance of the newspaper L'Esportiu and was able to verify AS, The investment fund will lend the Blaugrana club 500 million euros (100 immediately) to face a situation that led to bankruptcy.

According to the latest financial report of the club, Barcelona had a debt of 1,173 million, of which 730 were short-term. Of these, 263 were financial debt to banks, 160 in debts to sports personnel who had deferred their collections and 200 to cover a bond issue.

After the agreement with Goldman Sachs, club sources informed the Catalan newspaper that Barça thus won “two years of tranquility”.

Bartomeu's board had already established contacts with Goldman Sachs to refinance Barça's debt, but that agreement was limited to the investment to be made in Espai Barça. Now, this money has no purpose and the board can spend it however it wants. That is, plug holes.

According to the sources consulted, “It is a better credit than any traditional bank or a syndicate of banks would offer.”