Barcelona are set to take legal action against one of the club’s investors Libero over non-payment of dues.
Libero, a German investor fund, bought a 9.8% stake in Bridgeburg Invest S.L, which is the holding company of Barca Vision and in return promised to pay the club €60m. Despite an agreement between the two parties, Libero, to date, has paid just €20m out of the promised €60m sum, to the Catalan giants.
Libero were reportedly given a deadline of December 31 to clear their dues and now, according to EFE, the reigning La Liga champions are planning to sue the firm.
The deal with Libero in the summer allowed the club to register loan signees Joao Felix and Joao Cancelo on the deadline day. With Libero faltering in payment of their dues, Blaugrana president Joan Laporta is looking for other investments and is confident of landing another investor soon.
Barca Vision is a content platform that was set up by the club last summer. The intention behind creating the digital audio-visual platform is to connect with the fans in innovative ways.
Xavi’s side headed into winter break while sitting fourth in the league table with 38 points from 18 matches. They will be next seen in action on Thursday when they take on Las Palmas in La Liga.
