FC Barcelona Assembly suspended: What had the partners approved?

Three months after the last Assembly, Joan Laporta reencontró with the partners of the FC Barcelona to expose the reality of the Barcelona entity, submerged in a worrisome economic crisis, with a debt of 1.350 million euros and negative net heritage of 451. In the celebrated meeting in the Palau Blaugrana with the Compromisarios, have touched and approved points very important.

In the Assembly of this Sunday could not touch all the points by fault of time. Joan Laporta postponed the session to fault of minutes for the party between the FC Barcelona and Valencia, before carrying to vote the project of the Espai Barça and his new finance: "we Thought that everything would go faster. From the juridical department say me that no vulneramos any point of the statutes if we postpone the decisions of this point and the points that are missing". To continuation, review the tackled:

Approval of the closing of the season 2020-21 and budget for the 2021-22

The first point, the settlement of the economic exercise of the season 2020-2021, was the one who carried more time in the explanation, but have confirmed the losses of 481 million euros. The partners have approved it by a majority, with 637 votes in favour (89%), 39 desfavorables (5%) and 42 have remained in white (6%). So much Joan Laporta, as Eduard Romeu and Jaume Guardiola have coincided in that they are the "worst accounts of the history of the Barça".

The economic vice-president has aimed that the numbers are "apocalyptic" but that they can revertirse with work and, especially, transparency. In the intervention, has stood out the -26% of fall of income, some 224 millions (481 million losses), whereas the costs increased in 19%, reaching the record figure of 1.136 million euros.

Romeu Has explained that "there is 505 million losses, that if we incorporate the financial costs would be of 555 millions, but have added some taxes of societies of 74 millions that has left us a net result of 481 million euros. The EBITDA is of -60 million euros", adding besides that "if we go in in comport them of the accounts, in the income there is a negative deviation of 32 millions in the Estadi, 20 millions in Average, 113 million euros in the commercial part and other 32 millions for traspasos. All this does that we have had 197 million income. In the game of costs, there is 111 million euros more than sportive wages, in the no sportive wages there were not differences and in the costs of management there was 32 million positive deviation to the not having to open the field".

Of the impact of the Covid, aimed that "according to the criteria of LaLiga, is of 92 million euros, therefore the result without Covid would have been of 390 millions", detailing that "the evolution of the sportive cost is very high. In the season 16/17 represented 61%, in the 17/18 was the one of 70%, the one of the season 18/19 was of 68%, in the 19/20 of 74% and the one of the 20/21 went up to 98%. The club is in fallida technical with the numbers. The balance of situation shows a negative heritage of 451 million euros".

Later, Jaume Guardiola, president of the Economic Commission, exposed the budget of the economic exercise of the previous course, aiming that the recovery goes through "to tackle the rescue of the balance patrimonial in the next five years", recognising that the aim could achieve "of form very adjusted".

The budget for the present exercise (2021-2022), was approved by the partners with 94% of the votes in favour, 643. 17 partners have voted against, whereas 23 votes were in white. Guardiola Explained that after the credit conceded in July (652 millions) "has taken into account the existence of some factors mitigantes, the most important the situation of tesorería of the club. The forecast is that the situation is comfortable to face at least the next 12 months".

Doubts with the project Espai Barça

Elena Fort, institutional vice-president, presented the project of the Espai Barça, aiming that "when it goes in this board is conscious of the importance of the Espai Barça. Desde the first day, a group of directors initiate days maratonianas to be able to understand the work that had done and see what could do", explaining that the needs to carry out this project are too many, because "have old-fashioned accesses, only 15 elevators, any new stairs, only 28% of the seats are covered, have an obsolete technology".

Nevertheless, the partners have showed reluctant to the idea of aprobrar the project, because there are a lot of doubts in this regard and consider that it has to carry to referendum. In any case, from the club have bet by the Espai Barça "like guarantee for the future feasibility of the club". The CEO of the club, Ferran Reverter, explained the costs: "The estimate of investment is of 1.500 millions. 900 they will go to the Camp Nou, that will expand his capacity to 110.000 viewers", as well as that "the Palau Blaugrana will cost 420 millions. We have to go in in the tour of world-wide concerts and for this need a minimum of 18.000 viewers. Between the 15.000 seats and those that will enable in track for musical appointments will arrive to 22.000".

Of the same way, 100 millions will be in urbanisation, other investments in the surroundings will have a cost of 60 and Johan Cruyff has cost 20. The CEO stood out that "the finance will arrive through the exploitation of the 'Hospitality (VIP'S), new opportunities of sponsorship, exploitation of shows, possibility of sponsorship of the Estadi" and that have a forecast of "additional income of 200 millions that will allow us fund the project".

In summary, stood out that "pedieremos some loans of until 1.500 millions. The finance will be to 35 years, the five first of construction, of lack. The type of interest will be of market. We will amortise with the incremental income. Sometimes we are not conscious of the acceptance of the mark Barça".