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Barcelona president talks about club’s €1.5 billion investment: “Essential to keep us at the front”

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Barcelona’s economic problems are well-documented. Following Josep Bartomeu’s reign as president, where they spent €130 million on Ousmane Dembele, €140 on Philippe Coutinho, and €120 on Antoine Griezmann, the club have found it difficult to buy and even register players without trouble.

While they have spent a fair bit on transfers in recent years, including bringing in Ferran Torres for €55 million, Raphinha for €60 million, Robert Lewandowski for €55 million, and Jules Kounde for €65 million, among others, club officials have been forced to put in money themselves to register them, or negotiate contracts to lower salaries of existing players.

While all of this is going on, Barcelona are also working on renovating the Spotify Camp Nou, which will see the club open a huge sporting and entertainment complex, called Espai Barça. They have, therefore, moved to the Olympic Saint Montjuic until the project is complete.

“Barcelona is the most successful club in the world. Espai Barça is essential to keep Barcelona at the forefront of sporting world, and a fundamental pillar of the club’s economic recovery and future probability,” President Joan Laporta had to say about it, as relayed by MARCA.

He also gave details about the project, like the expenditure, and the size of the complex, saying, “It is the most relevant project in the world of sports and entertainment, with an investment of €1.5 billion, 18 hectares of land is the centre of the city, with a 350,00 square metre roof,”

Recent reports have said that several big investors, including those from Qatar and Saudi Arabia, are interested in buying a part of the club, that would elevate a part of their debt. However, Laporta suggested that the structure of the club is not changing.

“It is fundamental for the continuity of the government model, in which the club is owned by its 144,00 members.”

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