Barcelona set to close €1.5 billion loan after betrayal from former CEO

Barcelona set to close €1.5 billion loan after betrayal from former CEO

According to information from DiariARA (h/t Mundo Deportivo), former Barcelona CEO Ferran Reverter has warned financial behemoths, Goldman Sachs, from sanctioning the €1.5 billion loan to the club that is in the works.

Reverter stepped down as the CEO of the Catalan club not very long ago after president Joan Laporta carried out some administrative restructuring within the club pertaining to the Espai Barça project.

Reverter had been the main negotiator with Goldman Sachs from Barcelona’s side, helping initiate the talks regarding the €1.5 billion loan and carry them forward.

He had also flown to the USA to convince some investors over the Espai Barça project just before stepping down. During the trip, he had met with officials from Goldman Sachs as well.

However, now that he is no longer associated with the club and the project, Reverter has reportedly gotten in touch with the investment banking giants to warn them that sanctioning such a massive loan to Barcelona at this point would be a massive risk.

The ex-CEO of Barça cites the restructuring carried out by Laporta as the reason, claiming that the project is no longer in the best hands.

The report also states that there are some concerns among the directors of the club with regard to the sanctioning of the loan following recent developments. They are expecting delays due to various factors including Russia’s invasion of Ukraine.

Despite this supposed ‘betrayal’ from Reverter, there is unlikely to be any roadblock in the partnership between Barcelona and Goldman Sachs.

It is claimed that there is a good harmony between the two parties and there are unlikely to be any hiccups in the €1.5 billion loan going through.

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