Soccer Team Barcelona Wins Bond Waiver to Help Fix Finances
- Holders agree to some covenant waivers on soccer club’s notes
- Revenue of heavily debt-laden club was hit by pandemic
Photographer: David Ramos/Getty Images
This article is for subscribers only.
FC Barcelona noteholders agreed to relax some debt terms, granting a measure of relief to the Spanish soccer giant as it grapples with a collapse in revenues caused by the pandemic.
A group of European investors in its 200 million euros ($242 million) of senior notes will permit the club to remove limits on indebtedness and financial expenses, Barcelona’s press office said in an emailed response to questions.