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Barcelona has proposed that the referendum on the vote of no confidence for President Josep Bartomeu be held on November 1 and 2, so as not to clash with the Clásico on October 24.
Barcelona has sent its proposal to the government of Catalonia (Generalitat de Catalunya) for a date to hold the censorship referendum on President Josep Bartomeu and the current board of directors.
The club has requested that the vote be held on November 1 and 2, after it was initially expected to take place on the weekend of October 24 and 25, which would have coincided with the Clásico against Real Madrid.
This proposal must now be approved by the Catalan government, which has to set a final date before October 26.
Bartomeu faces ax before the elections scheduled for 2021
The motion of censure was advanced in summer by ‘Month that a Mocio’, a movement established in July to remove the “board of directors that puts its interests before those of the club”.
The move gained significant momentum after beloved captain Lionel Messi announced his intentions to leave the Camp Nou following Barcelona’s 8-2 Champions League quarter-final humiliation at the hands of Bayern Munich in August, with ‘ Month that a Mocio ‘collecting enough signatures to bring the movement forward against Bartomeu.
Bartomeu has been the subject of intense animosity from fans and other personalities linked to Barcelona, who blame him for having starred in one of the most disastrous moments in the club’s history, during which there have been several controversies both on and off the pitch.
Barcelona’s dire financial situation in the spotlight
As the situation culminated in the beating of Bayern and Messi’s shocking announcement in August, The serious financial situation of the club has been highlighted.
Earlier this week, Marc Ciria, a prominent Barcelona-based economist who in 2015 was CFO for Joan Laporta’s Camp Nou presidential bid, warned that club members could lose control of the club if Bartomeu and his Board of Directors approves the signing of $ 800. Million loan agreement with investment bank Goldman Sachs.
“The two viable solutions proposed by this current directive are the conversion of the club into a sports limited company or the entry of an international investment fund that would leave the partners as owners of 30 or 40 percent of Barcelona ”. Ciria said.
“Goldman Sachs is not known for lending money, but for entering into companies and then exiting them by reselling the shares it has bought,” he added.
“It is an investment bank, not a loan bank like La Caixa or BBVA (Spanish banks). The appearance of Goldman Sachs means that Barcelona has not been able to go to national institutions to increase its debt. The reason is obvious: the club already owes them almost 500 million euros of short-term debt ”.
Source: m.allfootballapp.com
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