Barca asked for a line of credit

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Barca asked for a line of credit

Post by Mr Nick09 on Wed Jul 18, 2018 3:19 pm

There is a story in the Spanish press about Barcelona from ElConfidencial

Barca has requested a line of credit of €100m to spend on their payroll for July and the payment of corporate tax. They are negotiating a loan from CaixaBank and Sabadell.

This is what happens when you pay 100 milnto a single player lmao


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Re: Barca asked for a line of credit

Post by Doc on Wed Jul 18, 2018 3:45 pm

Didn't Barcelona do something like this last year or the year before? Seems like cash reserves tend to be too low or non existent around this time.

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Re: Barca asked for a line of credit

Post by Unique on Wed Jul 18, 2018 3:48 pm

Took coutinho and can’t pay for him rofl

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Re: Barca asked for a line of credit

Post by halamadrid2 on Wed Jul 18, 2018 3:55 pm

In before another contract renewal for Messi Laughing
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Re: Barca asked for a line of credit

Post by Firenze on Wed Jul 18, 2018 4:14 pm

300m on Coutinho and Dembele rofl

don't think it's wise to be giving a club that operate like that a line of credit tbh
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Re: Barca asked for a line of credit

Post by sportsczy on Wed Jul 18, 2018 4:24 pm

Coutinho and Dembele are both class as a FYI. That's not the problem given the amounts for today's transfers.

Lukakau and Morata went for 100. Allison went for something crazy.

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Re: Barca asked for a line of credit

Post by Doc on Wed Jul 18, 2018 4:30 pm

Neither Utd nor Chelsea need to take out a line of credit to pay their players for the month of July so I'm wondering if that supposed class was worth it.


Last edited by Doc on Wed Jul 18, 2018 4:42 pm; edited 1 time in total

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Re: Barca asked for a line of credit

Post by sportsczy on Wed Jul 18, 2018 4:34 pm

Let's not act like Real Madrid haven't taken line of credits out before either...

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Re: Barca asked for a line of credit

Post by Doc on Wed Jul 18, 2018 4:41 pm

Yeah, sure but I ain't hearing Flo running down to do Banco Santander asking for something to hold him till August. If this report is to be true, Barcelona may have done themselves a bit of disservice with those two signings. And the constant renewing of Messi's contract.

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Re: Barca asked for a line of credit

Post by Hapless_Hans on Wed Jul 18, 2018 4:58 pm

They can have 50m € from us no questions asked if they give us Dembélé

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Re: Barca asked for a line of credit

Post by El Gunner on Wed Jul 18, 2018 4:59 pm

I'll take a line of coke, pls

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Re: Barca asked for a line of credit

Post by Unique on Wed Jul 18, 2018 5:12 pm

Quick question. If Barca have to take out a lone to pay players how are they getting past FFP rules. scratch

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Re: Barca asked for a line of credit

Post by Mr Nick09 on Wed Jul 18, 2018 5:18 pm

150 mil on Dembele is a highly stupid transfer

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Re: Barca asked for a line of credit

Post by Warrior on Wed Jul 18, 2018 5:41 pm

Just because you ask for a loan of money it doesn't mean you are broke financially. Otherwise banks would never accept.
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Re: Barca asked for a line of credit

Post by futbol_bill on Wed Jul 18, 2018 6:09 pm

Let me give you a bit of education on finances. Salaries are paid from operational budget i.e. revenues vs expenses. Player salaries are part of operating expenses. In Spain, there are strict rules re salary load (must be within revenues). Barca have been challenged with this past several years. Getting a LOC to get by a month or two is not common, but is just a cash flow issue. Not necessary a problem, but could be a symptom of a bigger problem.

Player acquisition costs are considered capital and although part of overall budget, these costs are amortized and thus your statements te Courtino and Dembele are not a factor here. Salaries are but not the acquisition costs.
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Re: Barca asked for a line of credit

Post by Kebab on Wed Jul 18, 2018 7:37 pm

these football clubs make 100 million look like a 10 thousand. .football and salaries are overrated and they dont deserve it. idiots have fun every week and make millions for having a fun
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Re: Barca asked for a line of credit

Post by futbol_bill on Wed Jul 18, 2018 7:50 pm

??? And your point is?
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Re: Barca asked for a line of credit

Post by futbol_bill on Wed Jul 18, 2018 7:53 pm

@sportsczy wrote:Let's not act like Real Madrid haven't taken line of credits out before either...


Sports, yes they have, but it’s been for acquistion costs not essentially a month or two loan to meet salary load. Completely different situation.
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Re: Barca asked for a line of credit

Post by Kebab on Wed Jul 18, 2018 7:59 pm

@futbol_bill wrote:??? And your point is?
no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanity
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Re: Barca asked for a line of credit

Post by Mr Nick09 on Wed Jul 18, 2018 8:19 pm

@Kebab wrote:
@futbol_bill wrote:??? And your point is?
no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanity
stop watching then. Its because you watch that they make money

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Re: Barca asked for a line of credit

Post by zigra on Wed Jul 18, 2018 8:30 pm

Proper human beings watch football only on whoscored.com anyway.
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Re: Barca asked for a line of credit

Post by Kebab on Wed Jul 18, 2018 9:13 pm

@Mr Nick09 wrote:
@Kebab wrote:
@futbol_bill wrote:??? And your point is?
no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanity
stop watching then. Its because you watch that they make money
I watch on illegal livestream websites. teams cant make money from it

1 million a year salary is enough to make the sport competitive. its 10 times more than a doctor's salary and they are still competitive and professional at their job. before record transfer fee was 37 million for zidane now its 370 million for neymar. its unacceptable

it causes more poor people. example a fan instead of buying an ice cream saves his money to buy a ticket for a match. in result ronaldo becomes richer and ice cream seller becomes poorer. its just one ice cream, if we talk about 500 million which ronaldo's shirt sale made in first week then another thousands of people are affected and became poorer. people cant find a job, companies are in bankruptcy. partly because of money spent on sports. government should control it
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Re: Barca asked for a line of credit

Post by Unique on Wed Jul 18, 2018 9:19 pm

@Kebab wrote:
@Mr Nick09 wrote:
@Kebab wrote: no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanity
stop watching then. Its because you watch that they make money
I watch on illegal livestream websites. teams cant make money from it

1 million a year salary is enough to make the sport competitive. its 10 times more than a doctor's salary and they are still competitive and professional at their job. before record transfer fee was 37 million for zidane now its 370 million for neymar. its unacceptable

it causes more poor people. example a fan instead of buying an ice cream saves his money to buy a ticket for a match. in result ronaldo becomes richer and ice cream seller becomes poorer. its just one ice cream, if we talk about 500 million which ronaldo's shirt sale made in first week then another thousands of people are affected and became poorer. people cant find a job, companies are in bankruptcy. partly because of money spent on sports. government should control it
I’ll tell you what governments need to control. They need to control the greedy drug companies that make a pill for about £1.50 and sell it to sick or dying people for £500 each.

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Re: Barca asked for a line of credit

Post by Tomwin Lannister on Wed Jul 18, 2018 9:30 pm

I mean, you're better off attacking capitalism in general 'kebab' Laughing it's completely *bleep* when you think about it, but it's the best system we have so...?

If these millionaire footballers weren't getting the money, their billionaire owners would be instead.

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Re: Barca asked for a line of credit

Post by BarrileteCosmico on Wed Jul 18, 2018 10:15 pm

LOCs are not actual loans, they're just there if you need them, you only pay interest if you actually draw from it. They're there to ensure liquidity. I don't see what the big deal is, all I see here is the circlejerk that debt = bad when we all know that's not true.

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