Reports: Barcelona secure loans to boost their hand in the transfer market
Barcelona have reportedly secured loans to the tune of €140m from two US-based firms in order to strengthen their hand in the transfer market.
The loans will help the Catalans financially if extra money will be needed for signings in the next transfer market. ElPais, a Spanish publication explains that Pricoa Capital Group has contributed €90m with Barings agreeing to put a further €50m into the Camp Nou accounts. Pricoa Capital Group loans are approximately 10% of the club's most recent annual revenue.
The loans are not payable in the first five years but Barca will return the money fully with interest thereafter. Barcelona though have denied that the loan is meant to boost their 'Espai Barça' project' that will see their Camp Nou Stadium redeveloped.
Ajax midfielder Frenkie de Jong has already been acquired at the end of the season for a fee that could reach €86m. The financial aid will help the La Liga giants buy players without necessarily selling the ones at their disposal to get fans for the new ones.