Report: Dubai based firm offers to pay Barcelona’s billion-euro debt

According to Albert Lesan via El Curubito TV, Barcelona has received an offer to refinance its debt. The overwhelming debt that the club is under has forced the board to take several drastic decisions in the recently concluded window and restricted the growth and transition of the team.

However, a Dubai based company has offered to pay the Blaugrana’s debt for €1500 million by providing the required money.

This would allow Barcelona to temporarily free itself from the shackles of debt and start making huge signings immediately. Needless to say, the present circumstances dictate that it would require at least a couple of years to make a huge signing if the deal is not accepted.

In exchange for the €1.5 billion, however, the club would have to repay the amount over the next 12 years. Moreover, the Catalans will have two years of deficiency and have to pay a meagre rate of interest on the sum.

This comes as music to the ears of fans, and such sizeable financial support could change the way Barcelona shapes up its future.

In a generation of historical transfers and record-breaking moves, the club has had to sit quietly in the past two windows. This could be the boost the board needed to take the team to the next level.

Nevertheless, the entire terms of the deal have not been revealed, and it remains to be seen if there are any additional clauses attached with the €1.5 billion. The board will burn the midnight oil in the coming days to see if a deal can be reached.