MX23RW : Saturday, May 18 19:33:18| >> :120:13427:13427:

Barcelona 'take out €500m loan for summer signings'

Barcelona 'take out €500m loan for summer signings'
© Reuters
Barcelona president Joan Laporta reportedly plans to help ease the club's €1bn debt by agreeing a €500m loan with an American investment bank.

Barcelona president Joan Laporta has reportedly struck a deal with an investment bank for a €500m (£430.4m) loan for the cash-strapped Catalans.

With Barca still reeling from the financial impact of the coronavirus pandemic - facing debts of up to €1bn (£860.9m) - big-money summer signings were previously thought to be off the table.

The Blaugrana are instead expected to focus on signing free agents such as Eric Garcia, Memphis Depay and Sergio Aguero, while as many as 14 players at Camp Nou could supposedly be up for sale this summer.

However, ESPN now reports that Laporta has agreed a €500m loan with an American firm, although the first €100m (£86m) will go towards repaying the players' wages and another €265m (£228.1m) will be repaid to the banks.

Despite their ever-growing debt, the report claims that Laporta is still keen to land a "marquee" signing this summer, and a recent report claimed that Barca have made contact with Harry Kane amid rumours that he has handed in a transfer request at Tottenham Hotspur.

The Barcelona president is also thought to be considering sacking manager Ronald Koeman, but the club's finances would take another hit if they were to relieve the Dutchman of his duties.

ID:448068:1false2false3false:QQ:: from db desktop :LenBod:collect2929:

Click here for more stories about Joan Laporta

Click here for more stories about Barcelona

Collect / Create New Data
Share this article now:
Tottenham Hotspur's Harry Kane limps off injured against Everton on April 16, 2021
Read Next:
Harry Kane 'prefers Man City move'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
CReal Madrid36296183226193
2Barcelona36247574433179
3GironaGirona36236775453075
4Atletico MadridAtletico36234967392873
5Athletic Bilbao361711858372162
6Real Sociedad361512949371257
7Real BetisBetis36141484843556
8Villarreal36149136060051
9Valencia36139143740-348
10Getafe361013134151-1043
11AlavesAlaves36119163445-1142
12Sevilla361011154750-341
13Osasuna36118174054-1441
14Las PalmasLas Palmas36108183246-1438
15Rayo Vallecano36814142944-1538
16Celta Vigo36910174254-1237
17Mallorca36715142941-1236
18CadizCadiz36614162549-2432
RGranada3649233770-3321
RAlmeria36211233572-3717


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!