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Report: Barcelona deny rumours of €1.5 billion debt pay-off from dubai

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Earlier today, reports were circulating from El Curibito TV that a Dubai based company were ready to help Barcelona refinance their debts. The operation would involve a 1.5 billion euro sanction from the company, and the club would have a two-year moratorium and an additional 12 years to repay the amount.

However, Mundo Deportivo has almost immediately come out to deny the reports. Roger Torello of MD has said that sources from inside the club have denied this information.

Members of El Curibito insist that they have the document to prove their claim, but the club sources refuse to acknowledge the existence of such a proposal. It is a tricky situation.

If indeed such a proposal has been received at FC Barcelona’s offices, the key board members will have to study the clauses in detail and decide whether to accept or deny the proposal. Apart from club president Joan Laporta, the club CEO Ferran Reverter and new economic vice president Eduard Romeu will be involved in the decision making.

The option to refinance their debt would help the board make big-name signings as early as the coming summer. It is crucial to note that such transfer cannot be eyes in the current scenario for the next many years without such financial assistance.

It remains to be seen how matters progress on this front in the coming days. Barcelona needs the economic aid desperately, and it would be surprising if the club turned it down, especially given the favourable terms on the deal.

I’ve watched football for years, but never again felt that special tug that I experienced when I watched Barcelona play for the first time. What started off as just a little inquisitiveness on Quora, ultimately developed into a magnificent passion for writing articles. The best part: You never stop learning in football; and it never ceases to amaze you.

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