the club already owes three times more money than it can generate in a year

the club already owes three times more money than it can generate in a year

2023-04-24 18:17:22

BarcelonaThis Monday, Barça made official the financing agreement for the comprehensive reform of Camp Nou. It’s 1,450 million euros in three installments to cover one of the historical shortcomings of the entity, which nine years ago approved the Espai Barça project via referendum and has only been able to inaugurate the Johan Cruyff stadium. Now, with Joan Laporta in the presidency, the board has between eyebrows to carry out the club’s most important heritage project, which is to reposition its football field among the best in the world with an expansion of capacity, the coverage of all localities, plus areas vip, the modernization of the facade and the adaptation of the surroundings, among other things. There is no news from the Palau Blaugrana.

The works at the Camp Nou will start in June, when the current season ends, and will cause the first football team to play at the Lluís Companys Olympic Stadium at least until the end of 2024. The forecast is that the Camp Nou will reopen to the public in the middle of the 2024-2025 campaign and that work is completed in the spring of 2026. The Turkish construction company Limak will be in charge of making the new stadium a reality, which will have 105,000 seats and, at full capacity, promises an annual income of 247 million, according to the forecast of the American company Legends. It is considerably more than what was billed in the 2018-2019 academic year, the most prolific in Barça’s history in this aspect. A trend that confirms the club’s determined commitment to continue monetizing the face-to-face consumption of football.

This increase in income linked to the exploitation of the Camp Nou will be the only guarantee that Barça will provide to return the almost 1,450 million that it has raised to pay for the renovation of the stadium. The deal, managed by Goldman Sachs and JP Morgan, is structured in three tranches. The first is 500 million in bank credit and 100 from investors that will serve, initially, to wipe out the bridge loan that Goldman granted a few months ago to the entity to carry out the partial demolition of the south goal of the stadium, among other things. The second is a bond issue of 500 million to investors, and the third, 400 million more investors (in total, 20 participate). ARA can confirm the figures advanced by RAC1.

“The maturities are 5, 7, 9, 20 and 24 years with a flexible structure,” says the club’s statement in relation to the return terms. The forecast of the current board is that the money will be returned only with the activity of the Camp Nou. It is 1,450 million in debt without counting interest, which could mean another 600 million (5.5% on average).

The negative impact of the Negreira case

The agreement was signed a few days ago despite the doubts that existed on the Barça board: there were managers who wanted to freeze Espai Barça and wait for a better time to sign such an important credit operation. This cautious sector argued that the financial context was too demanding due to the rise in interest rates and the reputational impact of the Negreira case, two variables that have made the agreement with Goldman and JP Morgan more expensive to place it in a medium interest of 5.5% (Madrid’s for the new Bernabéu is 2.5%). Finally, however, the criteria of Laporta and his circle prevailed and the works will begin this summer with the consequent exile to Montjuïc.

The financing has been closed and announced with the club obliged to sell assets (the levers) to square its ordinary balance sheet. And it is that in the last budget approved in the assembly, ordinary income rises to 855 million, while expenditure stands at 981. Despite this worrying picture, aggravated by the premature elimination in the Champions League, Barça embarks on the most important and risky credit operation in its century-long history. With the operation of Espai Barça and other pre-existing financial agreements, the club has a debt greater than three times the amount that its business generates in a whole year: more than 2,800 million. However, Laporta insists: “The ownership model is not in danger.”

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Diseases can often become noticeable through changes in the mouth. The warning signs should be taken seriously. This is also where the body’s first, mostly inconspicuous signals appear, which are considered bad harbingers of oral cancer. But signs of illness elsewhere are also conceivable.

Their meaning is not always immediately obvious. Experts agree that there are initial symptoms in the mouth that can indicate an increased risk of a heart attack.

Periodontitis as a trigger for heart attacks – experts believe there are a few reasons

As the German Society for Periodontology (DG PARO) explains on their website, periodontitis as well as vascular and heart diseases are closely linked. If periodontitis remains untreated, more bacteria can enter the bloodstream, even during everyday activities such as chewing and brushing your teeth. Anyone who has the predisposition to this is at risk of developing an inflammation of the inner lining of the heart in the worst case scenario.

The interesting thing about this connection, both also have common risk factors. The experts not only include things like smoking, but also genetic variants, so-called polymorphisms.

According to the report, such a predisposition to periodontitis does not generally lead to the disease, but it can significantly increase the risk. A severe inflammatory reaction caused by bacteria in plaque can always be a warning sign.

Lower risk of heart attack – experts recommend better oral hygiene

Anyone who suffers from one of the illnesses will not notice much of it at first. Problems only arise when you are at an advanced stage. But there are seven warning signs in the mouth that you should definitely pay attention to.

Amazon book tip: Heart cookbook – 130 simple and healthy recipes for a strong heart

Basically, healthy gums and healthy teeth are important for the well-being of the whole body, as the DG PARO writes. It goes on to say: “Inflammatory diseases in the oral cavity can affect the entire organism. This is because bacteria or inflammatory substances enter the bloodstream from the oral cavity.”

The experts therefore warn that “a healthy lifestyle combined with thorough oral hygiene and regular check-ups or treatment visits to the dentist can significantly reduce the risks of periodontitis and tooth loss.” And regular self-checks can also help to recognize the first symptoms of an increased risk of heart attack.

Seven warning signs to self-test – what you should pay attention to

According to the Society for Periodontology Seven warning signs in the mouth that you should definitely not ignore as soon as they occur. What do you have to pay attention to?

Red and swollen gums Frequent bleeding from the gums, for example when brushing your teeth or when chewing The gums recede, the teeth appear longer Sensitive teeth (tooth necks) Teeth become loose and can migrate Persistent bad breath and/or unpleasant taste in the mouth Pus escapes from the gum pockets

It should be noted that cardiovascular diseases and their consequences are still the second most common cause of death worldwide and the most common cause of death in industrialized nations. Traditionally, risk factors such as smoking, high blood pressure, elevated blood lipids, diabetes mellitus, obesity, lack of exercise, age and family history of cardiovascular diseases are considered responsible for the development of vascular changes and their secondary diseases. There is a reason why periodontitis is at the top of the list.

Chronic inflammation is more likely to lead to a heart attack

According to DG PARO, chronic inflammation is one of the most important factors when it comes to the risk of a heart attack. Periodontitis is therefore such a chronic inflammation. It also ensures that it spreads widely throughout the body and is “a significant cause of the penetration of bacteria into the blood vessels.”

The problem with research is that you can’t determine exactly what causal role periodontitis has in cardiovascular disease because there are “many common genetic and behavioral risk factors,” according to the report.

For the experts, the only fact is that “successful treatment of periodontitis also produces effects in the bloodstream and vessels.” According to current information, the result is a lower risk of cardiovascular diseases.

For better oral hygiene: View the ultrasonic teeth cleaning set on Amazon Article contains affiliate links

*Note: In the editorial team, we are always looking for great offers and useful products for our readers – for things that excite us and bargains that are too good to pass up. The links provided in this article and marked with a shopping cart symbol or an asterisk are so-called affiliate links/advertising links. If you click on one of these links and make a purchase, we receive a commission from the retailer. This doesn’t change the price for you. Our editorial reporting is fundamentally independent of the existence or amount of a commission.

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