Barcelona debt: La Liga giants reportedly receive £1.2 billion offer from Dubai

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Storm clouds have been brewing over Catalonia for some time now and the expected deluge finally came over the summer.

While the financial troubles at Barcelona have been well known, everything seemed to come to a head in the off season during a chaotic period for the Spanish giants.

First, club president Joan Laporta admitted the club were drowning in 'worrying debt' to the tune of an astonishing €1.35 billion.

So dire had the financial malfeasance become, that the club were unable to register new signings until they brought their monumental wage bill back under control.

That lead to the biggest body blow of them all though, as superstar striker Lionel Messi was forced to leave the club after they were unable to register him under a new contract.

Despite his desire to take a hefty pay cut, alongside other stars like Gerard Pique, La Liga simply couldn't allow it, and Messi was left with no choice but to look for pastures new.

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Enter Giveaway

Now, on field performances are leaving a lot to be desired with manager Ronald Koeman seemingly at war with the club's hierarchy.

With Barca lying in an unbecoming sixth in the La Liga standings, a completely disenchanted fan base are laying into players like Sergi Roberto and Samuel Umtiti whenever they're given the chance.

All in all, it is just not a very happy time at the Camp Nou.

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However, there may finally be light at the end of the gloomy financial tunnel with news emerging today of a monstrous offer from a 'Dubai based company' to write off all of the club's debt.

According to a report in the Mirror, the Spanish powerhouse has been presented with a £1.2 billion offer to refinance their crippling debts.

The report also states that, should they accept the aforementioned offer, they will receive the money immediately meaning they could almost instantaneously wipe the slate clean, so to say.

On top of that, the terms for repayment, best summarised by a tweet from Spanish TV show El Curubito, are believed to be incredibly generous.

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When translated into English, the tweet reads:

"1) A Dubai company has offered to buy the debt with 1500M€. 2) The repayment would be flexible and would allow a full moratorium for 2 years, extendable up to 12 years. 3) This would allow signing without restriction".

Sounds like a very sweet deal.

(Credit: The Football Terrace)

It would allow the club more time to put better financial plans in place for the future without the spectre of insurmountable debt hanging over them.

Finally, they could sign players without restriction making the task of getting the on-field performance back on track far easier.

Whether the club do accept the offer remains to be seen, but for us, it feels like a no-brainer.

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