UPDATE 1-Soccer-Barca can escape monetary gap in 18 months, president says


(Provides background, element, quotes)

MADRID, Aug 16 (Reuters) – FC Barcelona can reverse their poor monetary scenario inside a 12 months and a half, president Joan Laporta advised a information convention on Monday, after saying the membership ended final 12 months 451 million euros ($531 million) within the pink.

“I reckon that in a few years the membership might be wholesome,” he advised reporters, including that the staff have many potential sponsorship offers open to them.

With their funds in dire straits after years of wage inflation and costly transfers, the membership couldn’t afford to resume its contract with star striker Lionel Messi, resulting in his shock departure to Paris St Germain final week.

Nonetheless, Laporta mentioned he was optimistic for the longer term, stressing that the membership had many choices open to it, together with some 17 traders eager about Barca Studios, which teams collectively the membership’s audiovisual companies and serves as a hub for occasions.

“We’ve got lots of proposals and that is clearly encouraging, our morale could be very excessive,” he mentioned.

Barca’s earlier administration had contracted funding financial institution Goldman Sachs to hunt potential traders for the membership’s business arm however not one of the proposals had been passable, Laporta mentioned.

The membership’s money owed complete 1.35 billion euros, 673 million of that are owed to banks, Laporta mentioned.

Final week Reuters reported that Goldman had agreed to lend 1 billion euros to non-public fairness agency CVC’s deliberate multibillion euro funding in Spain’s high soccer league, LaLiga, a deal which Barcelona opted out.

Together with rivals Actual Madrid and Athletic Bilbao, Barca voted in opposition to the proposal at a common meeting final Thursday.

Laporta had beforehand slammed the deal as “mortgaging the membership’s tv rights for the subsequent 50 years”, regardless that the money injection might have allowed Messi to remain on the Camp Nou.

($1 = 0.8495 euros) (Reporting by Inti Landauro, Corina Pons; Modifying by Nathan Allen and Christian Radnedge)



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