New Barca boss Laporta faces uphill task of scaling mount of debt
New Barca boss Laporta faces uphill task of scaling mount of debt 2 minutes read By Sergi Escudero Barcelona, Mar 12 (efe-epa).- Joan Laporta, the new FC Barcelona president, faces a Herculean task to address the club’s massive debt burden of $1.4 billion. Out of this, $870 million have to be paid in the short term, and negative working capital of $600 million is required to find quick solutions to rescue the iconic club. To address this, Laporta has chosen different people from the economic sector to help him into his second stint as the president. He started with Jaume Giro as the club...
Source: laprensalatina.com