sports

Barcelona secures €210M credit for transfers

FC Barcelona has secured a €210 million credit against television rights to fund player signings, with €105 million arriving this July and the remainder in November.

The credit agency Morningstar DBRS maintained Barcelona's credit rating at BBB but changed their outlook from positive to stable due to increased debt related to the Espai Barça project. Despite this, the club emphasized that the decision "reaffirms confidence in the strength of the business model and the financial strategy accompanying the development of the Espai Barça project."

The new credit injection will provide financial guarantees for the club's transfer market objectives. iwanktv.club