Barça releases official statement regarding its financial situation
The Club has received a stable triple B negative rating from credit rating agency Fitch
FC Barcelona continues to take steps forward in its efforts to attract investors and, little by little, improve its delicate financial situation. The club has issued an official statement communicating that it has received a stable triple B negative rating from the credit rating agency Fitch.
This is an important vote of confidence in terms of the club's image. It is worth remembering that the club has already reached an agreement with the American investment fund Goldman Sachs, which has loaned the club 500 million euros. The same fund already injected 90 million euros into the club during Josep Maria Bartomeu's presidency, with said loan conceived to aid the development of the Espai Barça project.
The official statement reads as follows:
"The sporting and financial project of the new FC Barcelona board of directors has received a vote of confidence in receiving a stable triple B negative credit rating from the credit rating agency Fitch.
The credit rating agency gives a triple B rating to companies that are satisfactory at the time of rating, just as has happened to FC Barcelona after their assessment.
With this BBB stable negative rating the Fitch agency values positively the Club's financial project, which will have to undergo important readjustments to balance books.
The confidence shown by Fitch allows the Club to look to the future with optimism and at a moment when the organisation is adjusting is financial viability plan as well as its strategic plan"
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