Barcelona to finance its operations from investment funds
The Spanish champions have received €90m from Pricoa Capital Group and €50m from Barings
Spanish champions Barcelona have used an investment fund to help their finance operations, an attempt to compete with clubs such as Manchester City and Paris St Germain funded by Gulf money, a club source said on Wednesday. The financing through investment funds is unprecedented in Spanish soccer and uncommon in the international game. The source told Reuters Barca had received a financing package of €140m in 2018 from Pricoa Capital Group and Barings, to be paid back in five years. He said €90m came from Pricoa and €50m from Barings. “This is a rolling fund, which is perfect for the club because it has very low interest rates,” the source said. “European football is getting more and more competitive, with clubs like Manchester City and Paris St Germain who are bankrolled by states. “Our model is completely different to theirs so we need to think of imaginative ways to compete with them, and this is a very innovative scheme.” The financing from investment funds will not be used to f...
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