The new loan injection will allow Barcelona to ease their financial difficulties and extend Messi’s contract.
Barcelona have been handed a massive boost regarding Lionel Messi‘s contract extension as La Liga have reportedly received a €2.7bn loan to help the clubs overcome the financial crisis.
The Catalan club appeared to be caught in a predicament after La Liga president Javier Tebas insisted that Messi’s deal can’t be renewed if Barca fails to slash their wage bill significantly to cope with the league’s newly revised salary cap.
Barca have since been trying to offload several fringe players and persuade the locker room to take salary cuts to get rid of their deepened financial crisis.
Now, La Liga‘s cash injection would allow the Catalan club to register all their new signings. On top of everything, they can announce Messi’ contract extension, which is reported to be for another five years.
CVC Capital Partners have provided the funds, and meanwhile, top tier clubs like Barcelona and Real Madrid would be allocated €280m each.
Football financial expert Marc Ciria said: “90% of the €2.7 billion will fall to the clubs in the form of a 40-year soft loan. 70% of that will be used for investments in infrastructure, 15% to refinance debt and 15% to extend the salary limit.”
Ciria also added that Barca and Real Madrid, alongside Juventus, wouldn’t pursue their dreams of the European Super League due to their financial depravity while stating that the new loan injection would improve the economic state of the Spanish clubs.
“[President Javier Tebas] has been intelligent and has sought ways to raise an important economic income for big clubs. They now have less incentive to launch a European Super League.”
“This agreement is clearly associated with a desire to inject money into the clubs to improve La Liga’s competitive balance and get closer to the Premier League.”
Barca endured one of the worst years financially after recording a debt of over €1 billion, and new president Joan Laporta expressed his disappointment on his predecessor Josep Maria Bartomeu.
Now, the new cash injection would ease their financial crisis, and €42m of €280m will be used to increase the salary limit.
Elsewhere, Barca’s arch-rivals Real Madrid would also benefit from the loan as they are looking to bring in top players ahead of a summer overhaul.
