Barcelona have sent La Liga the personal guarantee worth €20 million from Laporta

With Barcelona eager to sign and register Joao Cancelo at the earliest possible, the club seem to have found a way to ensure the process goes through.

A deal for Cancelo has already been in place for a while now but the green light from La Liga has not arrived yet due to Financial Fair Play issues.

The club had been waiting on the payment due from German fund Libero to resolve the issue, but it has not arrived yet.

As such, the La Liga champions had begun exploring other avenues with only two days left for the window to be closed.

Barcelona send a personal guarantee to ensure signings

One of the options that was on the table was Barcelona president Joan Laporta and treasurer Ferran Olive providing a personal guarantee by paying out of their pockets, as was done last season to register Jules Kounde.

Now, David Bernabeu Reverter of SPORT is reporting that it is the path that the Blaugrana have seemingly decided to take.

Indeed, as per the report, Barça have already sent the personal guarantee worth €20 million from Laporta signed by Banco Sabadell, and are awaiting a check from the league before they can press ahead with Cancelo’s signing.

La Liga demanded that Barça had to have the guarantee signed by a Spanish entity, which is why Banco Sabadell has come back into the picture.

Gerard Romero’s Jijantes FC has corroborated the information, reporting that the Barça board provided a personal endorsement worth €20.2 million. It has reached La Liga and the procedure for the validation of this guarantee has begun.

No buy option included for Joao Cancelo

Given the FFP complications, Barcelona and Manchester City have agreed to drop the buy option clause inserted in Cancelo’s deal as La Liga would count it in this financial year, making it more difficult to register him.

The Portuguese international is waiting for the administrative formalities to be sorted out to travel to Barcelona and complete the transfer.