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Barca asked for a line of credit
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futbol_bill
Warrior
El Gunner
Hapless_Hans
sportsczy
Firenze
halamadrid2
Unique
Doc
Mr Nick09
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Barca asked for a line of credit
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
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
Mr Nick09- Forum Legend
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Re: Barca asked for a line of credit
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.
Doc- World Class Contributor
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Re: Barca asked for a line of credit
Took coutinho and can’t pay for him
Unique- BOSS MAN
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Re: Barca asked for a line of credit
In before another contract renewal for Messi
halamadrid2- Ballon d'Or Contender
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Re: Barca asked for a line of credit
300m on Coutinho and Dembele
don't think it's wise to be giving a club that operate like that a line of credit tbh
don't think it's wise to be giving a club that operate like that a line of credit tbh
Firenze- the Bloody-Nine
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Re: Barca asked for a line of credit
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.
Lukakau and Morata went for 100. Allison went for something crazy.
sportsczy- Ballon d'Or Contender
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Re: Barca asked for a line of credit
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
Doc- World Class Contributor
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Re: Barca asked for a line of credit
Let's not act like Real Madrid haven't taken line of credits out before either...
sportsczy- Ballon d'Or Contender
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Re: Barca asked for a line of credit
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.
Doc- World Class Contributor
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Re: Barca asked for a line of credit
They can have 50m € from us no questions asked if they give us Dembélé
Hapless_Hans- Forum Legend
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Re: Barca asked for a line of credit
I'll take a line of coke, pls
El Gunner- An Oakland City Warrior
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Re: Barca asked for a line of credit
Quick question. If Barca have to take out a lone to pay players how are they getting past FFP rules.
Unique- BOSS MAN
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Re: Barca asked for a line of credit
150 mil on Dembele is a highly stupid transfer
Mr Nick09- Forum Legend
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Re: Barca asked for a line of credit
Just because you ask for a loan of money it doesn't mean you are broke financially. Otherwise banks would never accept.
Warrior- FORZA JUVE
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Re: Barca asked for a line of credit
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.
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.
futbol_bill- Fan Favorite
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Re: Barca asked for a line of credit
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
Kebab- Cant go to the last pages in mobile version. There is no page numbers
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Re: Barca asked for a line of credit
??? And your point is?
futbol_bill- Fan Favorite
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Re: Barca asked for a line of credit
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.
futbol_bill- Fan Favorite
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Re: Barca asked for a line of credit
no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanityfutbol_bill wrote:??? And your point is?
Kebab- Cant go to the last pages in mobile version. There is no page numbers
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Re: Barca asked for a line of credit
stop watching then. Its because you watch that they make moneyKebab wrote:no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanityfutbol_bill wrote:??? And your point is?
Mr Nick09- Forum Legend
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Re: Barca asked for a line of credit
Proper human beings watch football only on whoscored.com anyway.
zigra- First Team
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Re: Barca asked for a line of credit
I watch on illegal livestream websites. teams cant make money from itMr Nick09 wrote:stop watching then. Its because you watch that they make moneyKebab wrote:no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanityfutbol_bill wrote:??? And your point is?
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
Kebab- Cant go to the last pages in mobile version. There is no page numbers
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Re: Barca asked for a line of credit
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.Kebab wrote:I watch on illegal livestream websites. teams cant make money from itMr Nick09 wrote:stop watching then. Its because you watch that they make moneyKebab wrote: no point. i'm just angry at wasted millions and useless sport which doesnt benefit the humanity
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
Unique- BOSS MAN
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Re: Barca asked for a line of credit
I mean, you're better off attacking capitalism in general 'kebab' 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.
If these millionaire footballers weren't getting the money, their billionaire owners would be instead.
Tomwin Lannister- Ballon d'Or Contender
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Re: Barca asked for a line of credit
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.
BarrileteCosmico- Admin
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