The Messi Mambo 2021

jrb

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8 Oct 2008
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Is it time for a cheeky bid?

Say..........

Barcelona request delay on 'imminent debts' amid threat of bankruptcy​


According to a report from Spanish newspaper El Confidencial, Barcelona have turned to the likes of Goldman Sachs, Allianz and Prudential to request flexibility following a non-payment of €200m, seemingly breaking the terms of their financial arrangements.

It is said that the club has a negative working capital of just over €600m and have asked their creditors to extend what are described ‘imminent debts’ of €300m for one year to avoid defaulting.

Between June 2019 and June 2020 is estimated that Barca’s debt more than doubled, while one recent estimate in Spain had already put the number at a ballooning €900m.

 

Coatigan

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30 Jun 2019
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Manchester City
Is it time for a cheeky bid?

Say..........

Barcelona request delay on 'imminent debts' amid threat of bankruptcy​


According to a report from Spanish newspaper El Confidencial, Barcelona have turned to the likes of Goldman Sachs, Allianz and Prudential to request flexibility following a non-payment of €200m, seemingly breaking the terms of their financial arrangements.

It is said that the club has a negative working capital of just over €600m and have asked their creditors to extend what are described ‘imminent debts’ of €300m for one year to avoid defaulting.

Between June 2019 and June 2020 is estimated that Barca’s debt more than doubled, while one recent estimate in Spain had already put the number at a ballooning €900m.


Yep, banks will be jumping at the chance to defer debts of 300m for a whole year. At a time of uncertainty covid and unknowns of the expected income coming.


Obviously though, being Barcelona, there will of course be a way out. And if course, no FFP consequence at all. That's nearly a year now they have operated well outwith their means. Will that go towards their 3 year calculation? will it balls.
 

remember arthur mann

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Joined
30 Aug 2009
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18,189
Location
Newton Upon The Heath
Is it time for a cheeky bid?

Say..........

Barcelona request delay on 'imminent debts' amid threat of bankruptcy​


According to a report from Spanish newspaper El Confidencial, Barcelona have turned to the likes of Goldman Sachs, Allianz and Prudential to request flexibility following a non-payment of €200m, seemingly breaking the terms of their financial arrangements.

It is said that the club has a negative working capital of just over €600m and have asked their creditors to extend what are described ‘imminent debts’ of €300m for one year to avoid defaulting.

Between June 2019 and June 2020 is estimated that Barca’s debt more than doubled, while one recent estimate in Spain had already put the number at a ballooning €900m.
 

waspish

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Joined
25 Jan 2009
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39,932
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Blue Moon
I
Yep, banks will be jumping at the chance to defer debts of 300m for a whole year. At a time of uncertainty covid and unknowns of the expected income coming.


Obviously though, being Barcelona, there will of course be a way out. And if course, no FFP consequence at all. That's nearly a year now they have operated well outwith their means. Will that go towards their 3 year calculation? will it balls.
It’s four years now they added another year for accounts to looked at regarding ffp because of Covid.
 

jrb

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Joined
8 Oct 2008
Messages
18,460
Barcelona hope they can sign Manchester City striker Sergio Aguero, 32, and Bayern Munich defender David Alaba, 28, on free transfers in the summer when the respective contracts of the Argentine and Austrian run out.

 

Maly

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22 Jul 2009
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Busy Managing my other love - High Lane FC
Barcelona hope they can sign Manchester City striker Sergio Aguero, 32, and Bayern Munich defender David Alaba, 28, on free transfers in the summer when the respective contracts of the Argentine and Austrian run out.

& Eric Garcia for a nominal ‘training fee’

Remember when they could sign pretty much anyone they wanted for as much as they wanted Pre FFP? Surely FFP will save them from bankruptcy & the abyss is this is exactly what it was designed for no? To stop clubs over stretching themselves & going to the wall?

Or was G14 corruption involved & it was designed be the debt ridden clubs to protect the debt ridden clubs?

Looks to me like that corruption is coming back to bite them on the arse :)

Barca first......which one next? My hope is United, but I’d guess they’re too good/big a commercial company to be next unless something untoward happens in that tax haven known as the Cayman Islands? Cayman Islands......move along, nothing to see here ;)
 

colesy

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Joined
30 Dec 2009
Messages
642
Location
Cairns, Queensland, Australia
Barcelona hope they can sign Manchester City striker Sergio Aguero, 32, and Bayern Munich defender David Alaba, 28, on free transfers in the summer when the respective contracts of the Argentine and Austrian run out.

They may be free transfers, but it still makes me wonder how they will pay the wages.
 

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