Barcelona is preparing to take legal action against the German investor fund Libero for failing to fulfill their payment obligations.
Libero had acquired a 9.8% stake in Bridgeburg Invest S.L, the holding company of Barca Vision, with an agreement to pay €60 million to the club.
However, despite the agreed terms, Libero has only paid €20 million of the promised sum, and as a result, Barcelona has set a deadline for December 31 for the outstanding amount to be settled.
With the payment still pending, the Catalan giants are now planning to sue Libero, according to reports EFE.
Barcelona’s deal with their investor Libero during the summer facilitated the registration of loan signings Joao Felix and Joao Cancelo on the deadline day. However, due to Libero’s failure to fulfill their payment obligations, Barcelona President Joan Laporta is now seeking alternative investments. Despite the setback, Laporta remains confident in securing another investor for the club in the near future.
Xavi’s team entered the winter break occupying the fourth position in the league table with 38 points from 18 matches. Their next fixture is scheduled for Thursday against Las Palmas in La Liga.