Barcelona inform La Liga they will present personal guarantee from Laporta to register players

Josep Maria Bartomeu’s name may no longer be on the front page of Spanish media, but Barcelona continue to reel under the catastrophic financial situation the former president left for Joan Laporta to inherit.

Since then, the Catalans have pushed to activate several economic levers to secure an immediate cash injection. By mortgaging some of their long-term assets, they have managed to rebuild a formidable team and win La Liga but the situation is not much better this summer.

New season, same story

Once again, the Catalans have struggled to register players with the league. 

Their transaction to sign Joao Cancelo is on a tightrope and the dream of bringing in Joao Felix is also hanging by a thread.

More concerningly, the club is yet to register some players with La Liga.

According to reports yesterday, club president Joan Laporta and the treasurer Ferran Olive have assured the funds personally if they do not arrive through other sources.

Gerard Romero now adds that Barcelona have decided to go down that road. The club have informed La Liga that they will present the personal endorsements from Laporta and Ólive. 

Once the endorsements arrive, La Liga will lift the block on pending registrations and enable Barcelona to complete even pending transfers.

Marta Ramon adds that everything is ready for the two administrators to make the endorsement at Sabadell Bank. It is an easy process, for it is in fact the fourth time that such a move is being made.

A guarantee of €20 million will be presented by the president and the treasurer. It will help register Inaki Pena, Gavi, and Inigo Martinez but will not directly help the signings of Joao Felix and Joao Cancelo.

The German investment that never came

Barcelona remained calm through the financial pressure in recent weeks owing to a commitment they had from the German firm Libero.

The Blaugrana were supposed to receive €40 million from foreign investors, €20 million of which was supposed to arrive by Thursday. 

With deadline day not too far away, Laporta and Olive are now set to put up €20 million as a personal guarantee to meet Financial Fair Play guidelines.