Barcelona have revealed in an official club statement that the club’s board of directors have received the vote of confidence of receiving a stable triple B negative credit rating from the credit rating agency Fitch. The credit rating agency only gives a triple B rating to companies whose financial state they approve.
[PRESS RELEASE]
ℹ FC Barcelona has the confidence of credit rating agencies
🔗 MORE INFORMATION: https://t.co/nCdvIeoiUU pic.twitter.com/Sea4cDVbuX
— FC Barcelona (@FCBarcelona) July 28, 2021
The stable triple B negative credit rating is an important validation of Barcelona’s financial project, with the club still having to implement important readjustments to balance the books. The club have claimed that the backing allows Barcelona to look to the future with optimism and confidence.
Barcelona’s financial situation has been headline news all summer. President Joan Laporta and sporting director Mateu Alemany have been desperately trying to clear deadwood and trim fat to lower their wage bill and create the financial space to both renew Lionel Messi’s contract and register their new signings while respecting La Liga’s strict salary cap.
It will be good to have new players but I pray that the club’s financial status will be at its best
If it comes to it Barca can take out a loan to pay to get them below the salary cap…. I really don’t think it’s an issue, I guarantee Barca has already set up the paper work and got it cleared and will take out a loan ONLY if needed before the season to get under the Cap…. If they get under the cap without a loan then they won’t take out the loan it’s just set up as an emergency trigger. So I don’t have this fear that English media tries to rile up so they can try to rob Barca. Chill Barca fans it’s gonna be absolutely fine I would bet my whole family lives on it haha. Barca having a perfect credit rating means they can loan money if they needed it, NO DOUBT!!