Monday, 23rd May 2022
<To guardian.ng
Search

Barça debt hits 1.35B euros as club adjusts to post-Messi life

By Reuters
17 August 2021   |   6:36 am
Barcelona, Spain, Aug 16 (EFE).- FC Barcelona has debts totaling 1.35 billion euros ($1.6bn) and its economic situation is “worrying,” the club’s president Joan Laporta confirmed Monday, a week after the Catalan giants had to let go of star player Lionel Messi due to financial woes.

Related

5 Nov 2021
Xavi Hernandez is free to take over as head coach of Barcelona after the Catalan club paid the release clause in his contract with Al Sadd, the Qatari team said on Friday (November 5). Al Sadd agreed to release Xavi, who is set to take the reins at his former club following the sacking of Ronald Koeman.
15 Nov 2021
Dani Alves passed his medical with Barcelona on Monday meaning the Brazilian can sign a contract until the end of the season with his former club. Barca announced the deal on Friday and Alves, 38, arrived in Spain on Saturday. The flirting between Alves and Barcelona started in October, when the veteran visited the city and went to the Camp Nou to attend the Champions League game against Dynamo Kyiv.
17 Nov 2021
Argentina captain Lionel Messi is fit again and will start their World Cup qualifier at home to Brazil on Tuesday, coach Lionel Scaloni told reporters on Monday (November 15). Scaloni made similar comments ahead of Argentina’s last game, a 1-0 win against Uruguay on Friday, although Messi only appeared for the final 14 minutes of the match. Argentina are second in South America’s 10-team qualifying group, six points behind Brazil, who are the only team from the region to have secured their place at Qatar 2022 so far.
24 Nov 2021
Manchester United have made contact with former Barcelona coach Ernesto Valverde about becoming the club's interim manager, according to media report. United are looking for an interim manager to suceed Ole Gunnar Solskjaer and Valverde, 57, is one of a few candidates being considered. Valverde has been out of work since leaving Barcelona in January 2020.
30 Nov
Argentina's Lionel Messi won the Ballon d'Or award for the best player in the world for a record-stretching seventh time on Monday (November 29), beating Robert Lewandowski and Jorginho to lift soccer's most prestigious trophy yet again. The forward added to his 2009, 2010, 2011, 2012, 2015 and 2019 trophies after winning the Copa America for the first time with his country last July. Messi, who joined Paris St Germain on a free transfer from Barcelona during the close season after finishing as La Liga's top scorer with the Spanish club, collected 613 points, with Bayern Munich's Lewandowski, named best striker on Monday, getting 580.
13 Dec
Shares in Evergrande tumbled as much as 19 percent on Monday in Hong Kong, after the Chinese property developer warned it might not have enough funds to repay its debt, prompting authorities to summon its chairman. A grace period expires on Monday for a coupon repayment worth over $82 million, pushing the company to the verge of default once again. Evergrande has already made three 11th-hour repayments in the past two months.
9 Dec
The Chinese property giant Evergrande has missed a key debt deadline and is inching closer to a possible restructuring. Financial Analyst Danni Hewson explains why the meltdown isn't sparking turmoil on global stock markets. Also in the show: the Carbon Disclosure Project releases its 2021 ranking of sustainable business practices.
12 Dec
Shares in the Chinese property company Kaisa have been suspended from trading in Hong Kong, as fears mount that the firm may be unable to make a $400 million debt payment due on Thursday. Kaisa is a much smaller player than the troubled giant Evergrande, but also has high levels of foreign debt. Also today, we look at how the United Arab Emirates has changed its working week to Monday-Friday to align with other international business hubs.
15 Dec
Debt levels have increased as more sub-Saharan countries look towards borrowing. Zambia's debt now equals its total GDP, while Kenya may be speeding towards its own financial crisis.
16 Dec
Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Joe Biden can get his $1.75 trillion social spending plan, "Build Back Better", passed by the end of the year.
18 Dec
The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami was berated by the Nigeria Governors’ Forum (NGF) over plans to deduct about $418 million from the federal account to pay private contractors and firms allegedly owed by the 36 states and local governments over the Paris Club refund.⁣
22 Dec
The International Monetary Fund's executive board has approved the extension of $115 million in debt relief to 25 eligible low-income countries from January 11 to April 13 next year in an effort to help them ride out pandemic-induced headwinds.