Joan Laporta has rejected a €1.5 billion loan from the Dubai-based firm

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Joan Laporta has rejected a €1.5 billion loan from the Dubai-based firm. But Barcelona insists the reports are unfounded.

8TV’s ‘El Curibito’ reported on Tuesday claiming. That Barcelona president Joan Laporta had turned down a €1,500 million loan offer from the Dubai-based company. United Arab Emirates Although this is a great offer as there will be a two-year moratorium on the debt and the possibility of extending it up to 12 years. 

According to reports, Barcelona have been approached by a Dubai firm offering €1.5 billion to stabilize the club and to cut the massive debt that plagued last summer’s loss. The best player in the world is Lionel Messi, but Laporta turned down the offer.

The Dubai-based company’s offer is a buyout of Barcelona’s 1.5 billion euros in debt. That meaning the club will be more stable. Due to a two-year moratorium on Azul Grana. It is without paying any payments during that period enough to allow the club to open its eyes and the possibility of extending until then 12 years. But Barcelona have denied the reports are baseless.

“The first thing we had to do when we arrived was to ask for a loan of €80m euros because otherwise, we could not pay the salaries. The previous regime was full of lies.”

He accused predecessor Bartomeu and his staff of gross mismanagement to bring one of the world’s biggest clubs to the brink of ruin, insisting the problem went far beyond the effects of the pandemic.

Joan Laporta has rejected a €1.5 billion loan from the Dubai-based firm

“We found the wage policy in the form of an inverted pyramid – veterans on long contracts and youngsters on short deal. There were no wages cuts – lies.

“We have found that disproportionate payments have been made to intermediaries, not even agents. Barcelona has a negative net worth of €451m – it is a terrible inheritance. What has been happening is very worrying.”

Laporta noted they have now taken out a loan of €550m with an interest rate of 1.1 per cent. And They are trying to restructure the club, although it will take some time.

“The situation is dramatic, but we have good news. The strategic plan based on our credibility and experience, on the assets that Barca have, makes this situation temporary. I think that in a couple of years, the club’s economy will be healthy.”