Barcelona president ready to provide €30m personal guarantee amid delay in investor payments

Barcelona appear to be set for another frantic finish to the summer transfer window as their operations are being held up due to financial problems.

The deal to sign Joao Cancelo is already in place but the green light has not arrived yet as the Blaugrana need revenue to clear the Financial Fair Play checks.

The Catalans were banking on the payment that was to arrive from German investors Libero for the Barça Vision deal, but that has not happened yet.

The delays mean that the La Liga champions are looking at alternative solutions to deal with the issue, while remaining calm about the transfer operations.

Joan Laporta to the rescue?

Amidst the growing concern, SPORT is reporting that Barcelona president Joan Laporta and treasure Ferran Olive are ready to provide a €30 million personal guarantee with the investor payments getting delayed.

The report states that the Blaugrana are waiting on a €40 million payment from the German fund, of which €20 million should arrive on or before Thursday as per the agreement.

But in case it does not arrive, the club president and the treasurer are ready to front up €30 million from their own pockets as a personal guarantee to ensure Fair Play margin.

It would not be the first time that Laporta and Olive will be doing that, having put up €11 million as guarantee last year as well to ensure the registration of Jules Kounde.

Other alternatives also being looked at

The report goes on to add that if the €20 million payment from Libero arrives on time the amount that the Barcelona officials would have to guarantee would be around €6-8 million.

At the same time, though, the Blaugrana are looking at other possible options to deal with the issue, with there being talk of some funding from an American investor.

However, given that there is very little time left in the transfer window, the guarantee from the president and treasure might end up being the club’s most viable option.