Big victory for the Laporta administration
The FC Barcelona current administration take of the project "Espai Barça"
Last Sunday I (17/10) the General Assembly held by the administration of FC Barcelona had voted in favor of the balance sheet of 2020 and 2021. Now the annual general assembly of Barcelona has voted in favor of the loan of 1.5 billion euros in order to complete the Espai Barça project, which includes a new football and basketball court.
The second day of the adventurous annual general meeting of the representatives of Barcelona brought out white smoke. In the third major issue on the agenda, for which the representatives did not have time to vote last Sunday, since there was also the game with Valencia, the proposal for financing through a loan of 1,500,000,000 euros of Espai Barça was voted.
The famous upgrade project of all the team's facilities, which includes the renovation of "Camp Nou", had stalled in recent years due to lack of fluid. In fact, the administration of Joan Laporta considered the plan of its predecessors anachronistic and prepared a new one, seeking new financing agreements.
With 405 votes in favor out of a total of 455 (21 against, six abstentions), the Catalans decided to conclude agreements with American funds for the implementation of the project approved in 2014 in a referendum, but so far it has been completed by only 5% and 145 million have been spent. euros from the club.
Espai Barça will include the renovation of the football headquarters, the new "Palau Blaugrana" for basketball, handball, etc., a new "Mini Stadium" (today's "Johan Cruyff") and the Campus Barça, which will integrate all functions of the club in the neighborhood of Les Corts, where the training facilities are located.
As each of us understands, this is an equally important decision that was voted in favor with 397 in favor and 14 against and which had raised huge debates, but finally the temporary suspension of Article 67 was overcome, which provided for the resignation of the respective administration in case of two consecutive financial years. The debt ratio to EBITDA (gross profit) is more than two.
Something like this is expected to happen next year with the Laporta administration, which was elected in March and already has such a balance sheet for 2020-2021. The suspension of this article will be temporary and will be put to a vote at each annual general meeting.
Among the measures passed (265 in favor, 54 against, 18 blank) aimed at raising revenue for the group was the sale of a 20% to 49% stake in Barça Studios to one or more investors. The club believes that the entry of third parties in this business arm, which concerns the audiovisual material produced with a focus on Barcelona, will bring up to 50,000,000 to the funds and will also help in know-how.
The management of Barcelona is now beginning and sees a new era begin for the great team of Catalonia with millions of friends around the world…
Post recientes
