OMG! Barcelona Secure Massive £122m Loan Ahead Of Summer - MySportDab - Sports News Nigeria

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Wednesday, 13 February 2019

OMG! Barcelona Secure Massive £122m Loan Ahead Of Summer

Spanish Giants Barcelona have secured a stunning £122million loan with two American companies.

According to Spanish newspaper El Pais, the money could be used to fund transfers.

£78.9million comes from Pricoa Capital Group, with a further £43.8million coming from global investment management firm Barings.

Barcelona will have to repay the loan within five years with a 1.8 per cent interest rate but the funds would ensure the club are a force to be reckoned with in during the summer transfer window.

However, despite the club claiming their financial situation is healthy, Victor Font, who has stated his desire to become the president of the club, said that Barcelona "do not generate sufficient resources" for all their necessities.

He said: "The ordinary costs are higher than income which is why there is a need to sell players to prevent losses and that is a ticking time-bomb."

MySportDab report midfielder Ivan Rakitic faces an uncertain future at the Nou Camp.

Rakitic’s contract is set to expire in June 2021 - by which time the Croatia international will have turned 32.

Spanish newspaper Sport claim Rakitic’s entourage have pestered Barcelona for ameeting to discuss an extension.

However, Barcelona chiefs have reportedly refused to discuss the situation and say a new contract for Rakitic is not part of their plans.

The contract snub could be a result of Frenkie de Jong’s summer arrival.

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