FC Barcelona Takes out £130m Loan to Pay Wages

Filed under: Barcelona, Business, Money

from the guardian :

Barcelona have taken out a £130m loan. Just over a week ago the new Barça president, Sandro Rosell, said the club had been forced into the move for cash-flow reasons, as they were struggling to pay the salaries of players, coaching staff and other employees.

Santander, which took over Abbey National in 2004 and Alliance & Leicester and Bradford & Bingley in 2008, is one of the largest banks in the world and the biggest in the Eurozone. La Caixa is Spain’s leading savings bank.

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Added on Wednesday, July 14th, 2010 by

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