Joan Laporta has 24 hours to get together a board and an investment group that allows him to be president of Barcelona. The very long electoral campaign and winning the elections last Sunday was a child's play bought with the frantic last hours that the former president lives in search of a guarantee of 124.6 million euros to certify his victory at the polls.
Since on Sunday Jaume Giró, his main economic bulwark in the candidacy, got off the boat, the problems have accumulated. By virtue of the club's statutes, Laporta has only 24 hours to present the endorsement at the LaLiga headquarters and be sworn in as president. A presidency that depends on a race against the clock in search of new executives and investors that lasted during the early hours. The alarms, which had already been set on since Giró'sresignation on Sunday, went off to unsuspected limits when late at night the newspaper Ara and RAC1 reported that the president-elect did not have the definitive endorsement and was negotiating over the horn.
The solution was the entry of the Audax Renovables estate, with Eduard Romeu as vice president who seemed safe on Monday morning, but was reeling near the final whistle. As explained by RAC1 Laporta and its directors were calling various Catalan businessmen at midnight yesterday offering them a position on the board in exchange for guaranteeing an amount between 6 and 12 million euros to be able to present the guarantee on Tuesday morning.
According to sources from Laporta's candidacy, the endorsement was going to be signed yes or yes last Sunday and it was going to be presented on Monday at the LaLiga headquarters so that the winner of the elections could be invested as the new president on Wednesday. Neither of these deadlines is being met. And they are closed, it will be absolutely in the photo finish.
Critical hours in the leadership of Barcelona
To add more pepper to the case, the newspaper ARA reported that the Laporta board was only able to cover 50 million of the 124.6 guarantee that would be negotiated with Banc Sabadell, which would in turn demand a counter guarantee of 70 million that it owes be achieved in a few hours. The Catalan newspaper pointed to the possibility that this amount would be covered by the investment fund HPS Partners. Uncertain hours for a club that lives permanently in the abyss.