Is it a good business to issue bonds to save Barça’s economy?


BarcelonaBeyond the growing tension, shortly before the official start of the campaign, between Joan Laporta and Víctor Font regarding the names of the sports area, the debate of recent days in Barça’s electoral key has revolved around the broadcast of bonds proposed by the former president’s candidacy (2003-2010) for short-term liquidity. The economic manager of Estimem el Barça, Jaume Giró, presented this option in two ways on 13 January. One with “patriotic” bonds aimed at fans around the world in exchange for experiences and another “institutional” for professional investors, regulated by the National Securities Market Commission (CNMV). “With that we would pay off near maturities without stopping investing,” he justified. Giró has insisted on this approach in the sectoral debates in which he has participated since he jumped into the electoral arena, although he has relaxed his position on the obligation to pass the “institutional” bonds through the CNMV. The contradiction has ignited Font, who also believes that this way of issuing debt “puts at risk the ownership model of Barça”. Amid the controversy, ARA has consulted three finance experts to try to explain whether the “Laporta bonds” would be a good deal to save the entity’s coffers.


Source: Ara.cat – Portada by www.ara.cat.

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