Friday, July 16, 2010

BARCELONA HAVE TAKEN 197 MILLION DOLLAR LOAN.

the Spanish Giants Barcelona have also felt the recession pinch, and have failed to pay their players last month. They sold Yaya Toure and another player to generate funds. The trouble was a little bit of over spending by them, and the collapse of the economy of Portugal,Spain and Greece. These three were the worst affected in Europe.Even the the company which gave them money yearly in T.V. Rights it was over 100million Dollars has now gone bankrupt. Which added to the financial problem.Barcelona also released Theirry Henry, to save on his weekly salary money.And there is talk that Zalatin Ibrahimovic is also on his way out , with Manchester City being his destination.
But there is not all gloom and doom at Barcelona, when the season startsand money will come with ticket sales, and other things.
They took the loan from two banks, the amount is 197 million dollars.

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