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THE DISASTROUS STATE OF THE ACCOUNTS

Marc Ciria: "Covid-19 has nothing to do with Barça's economic situation"

Published:13/10/2020 - 23:32h

Updated:14/10/2020 - 03:00h

Marc Ciria, the prestigious economist that formed part of the team of Joan Laporta for his candidature of 2015, warns of the disastrous state of the accounts of the club

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Marc Ciria, partner founder and director of Diagonal Investments, the one who went the economic manager of the team of Joan Laporta in his candidature of 2015, has shared, through an interview to the Agency EFE, some of his conclusions about the deplorable state of the accounts of the FC Barcelona and on the decision of the club to sign a credit with the bank of investments Goldman Sachs.

This prestigious economist augura a black future for the economy of the entity culé: "The club is using the debt to 30 years by the Espai Barça of the cual is inflating clearly the final result of the cost, to pay the wages of this exercise. And to Goldman Sachs already seems him well because it is earning some interests between 3% and 4% and if the Barcelona does not pay him already will come him a gentleman".

Besides, also it poses the following doubt: "The question is how will execute the non-payment of the debt: With the heritage of the club? With the stadium? Because when there is a loan of a bank of investment the clauses are much firmer that the ones of a traditional bank. The board needs to do this to fix the numbers before going and gives them the same the Espai Barça because they will not do it they".

The gentleman Ciria is cutting in what to the Espai Barça refers : "The next managerial board will not be able to develop the Espai Barça with this loan. It will need another financiamiento and the project will have to reconvert in something much cheaper that will consist in conditioning the stadium. And to within of 10 or 15 years the club will not be able to pose do the Nou Palau Blaugrana and the rest of infrastructures".

"Goldman Sachs is not known for loaning money, but for doing operations of entrance in societies for afterwards go out of them revendiendo the actions that has bought. It is a bank of investment, no a bank of loan of money like La Caixa or the BBVA. The reason is evident: the club is due to the national entities almost 500 millions in debt in the short term", warned Marc, on the loan of 800 millions that has planned Bartomeu.

The coronavirus is not the culprit of the bad economic situation

"Before it appeared the coronavirus the club already owed 740 million euros and with him has gone up to 820. The main problem is that it is debt in the short term. This means that it does not be necessary there is not money to pay the payrolls neither some providers. So the increase of the debt has been to pay the day in day out of the club, no the Espai Barça", informed the economist blaming to the bad management of the club barcelonista.

"The Covid-19 does not have at all that see with the economic situation of the Barcelona. It is a lie of the managerial board", affirmed Ciria to finish concluding that "the two viable solutions that poses this managerial are the conversion in SAD or the entrance of an international investment fund that leave to the partner like owner of a 30 or 40 percent of the Barcelona".

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