Costa News Spain Breaking News | English News in Spain.
FC BARCELONA denied the rumours about a Saudi Arabian taking over of their La Liga team.
There had been Spanish media reports that Saudi Crown Prince Mohammed bin Salman was reportedly preparing a €10 billion bid.
Story gained momentum after Spanish commentator Francois Gallardo said that the crown Prince was preparing to bid for Barcelona.
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The club currently has debts estimated to be around €2.5 billion.
The burden of the past is the result of the years of high spending, the long-term commitments to wages and the expensive stadium redevelopment. This was compounded by a sharp decline in revenue due to the pandemic.
Joan Gaspart, former president of Barcelona, confirmed that the current Board of Directors, headed by Joan Laporta does not have the authority to dispose of club ownership.
He said: “FC Barcelona’s owners, which number around 150,000 people, will not sell the club.”
“FC Barcelona is unique in that it is a club with 125-year history. Passion and money are both important to the members, but they also want the club to remain the same.”
Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt.
Meanwhile, its La Liga rival Real Madrid tops the list with a market value of €1.38 billion.
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