Barcelona president Joan Laporta has secured a €500 million credit line with an American investment bank and will use €100 million to pay off outsanding wages to the first team squad, according to a report from ESPN.
Barça owe a massive bulk of player salaries since January and Laporta will prioritize those debts first, with a source mentioned in the report saying Laporta has used the loan to “buy some time” as he looks for other avenues to solve the club’s massive €1.2 billion debt.
The European Super League was supposed to be a salvation with an immediate €350 million cash injection promised for the club as they agreed to join the breakaway league, but we all know how that went.
As he expands his search for sources of revenue, Laporta hasn’t ruled out selling the naming rights to the Camp Nou and is also focused on a deep overhaul of the first team to save money on wages and hopefully earn enough funds to make a major signing this summer, with Borussia Dortmund’s Erling Haaland still the main target.
Barça players agreed to multiple pay cuts since the start of the pandemic, and it seems as though they will finally get their money now.