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v2 1j Laporta presents the endorsement to be president of Barcelona - The Times Hub

Laporta presents the endorsement to be president of Barcelona

Laporta presents the endorsement to be president of Barcelona

Laporta, after winning the Barcelona elections.ALBERT GEA / Reuters

Joan Laporta will be proclaimed today president of FC Barcelona (6:00 p.m., Camp Nou) after the Professional Football League previously validated the guarantee of 124.6 million euros, the 15% of the budget (828 million), which was finalized last morning in a notarial office in Barcelona with the guarantee of the Banco de Sabadell.

Some 15 executives who were already part of the list of the Estimem candidacy Barça, winner of the elections, will respond for an amount greater than 50 million – not all have the same resources – and the remaining 74 million will be covered with the contribution of new members of the board – between three and five – and businessmen such as Jordi Elías, president of the energy company Audax Renovables , whose amount would be about 40 million. Elías will not join the Laporta board because he does not have enough seniority as a partner to be a director and will delegate to his vice-president Eduard Romeu. Catalunya Ràdio also reported that there are guarantor businessmen who will not be part of the council but will receive the interest generated by the agreed money as compensation. One would be Jaume Roures, co-founder and partner of Mediapro, who according to Expansión would personally contribute 30 million euros through a patrimonial company called Orpheus.

The agreed formula has solved a critical situation after the resignation of Jaume Giró , who had designed and explained the economic policy of the candidacy and aspired to be vice-chairman of the board once the guarantee was agreed, which included an agreement with Banco de Sabadell and JB Capital. The option of resorting to North American venture capital funds, which implied an interest cost between 5 and 7%, has therefore been ruled out after the entry into the scene of Audax, whose annual turnover exceeds one billion per year. The characteristics of the agreement demand in any case an exercise of transparency to know the considerations and characteristics of the guarantors, the amounts and the guarantees; It has transpired for the moment that Romeu could be the economic vice-president of the Laporta board, elected president on the 7th with 30,000 votes, after the resignation on October 27 of Josep Maria Bartomeu .

Once the guarantees have been validated, Laporta will be invested to be late president for the second time after leading the club from 2003 to 2010 – the amount he had to endorse his candidacy in 2003 was 25.6 million. The amount has now become 124.6 million and the bank's short-term debt exceeds 700 million.

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