FC Barcelona: members approve refinancing of part of the club's debt (€525m)

The general assembly of delegate members of FC Barcelona (LaLiga Santander) has approved the proposal to refinance the clubs debt "for an amount of €525m," announced the Catalan club on 20/06/2021. The proposal received 89% of the votes cast (588 votes).

"The club plans to sign this operation next August with one or more stable operators in the financial market, through the company Goldman Sachs, in order to meet the club's financial needs," said Barça, who are considering a new loan "with a maximum term of 15 years, with the aim to obtain an interest of 3%."

"This operation will allow repayment of the bridge loan of €80m advanced this June by Goldman Sachs to cover the treasury obligations for a period of 90 days, renegotiate the Senior Notes (priority debt) signed for an amount of €200m at a much higher financial cost, and will provide the necessary liquidity over the next 24 months to be able to implement the Strategic Plan without treasury tensions," according to Eduard Romeu, economic vice-president at FC Barcelona.

Barcelona's net financial debt stood at €1.044bn on…