Neeraj
Senior Member
"A Spanish court has ruled that Barcelona have to pay €47 million over a land deal from 2005 which has been deemed invalid, in what is the latest case to pit the current Blaugrana board against the previous regime lead by Joan Laporta."
"Barca sold the 10,000 hectare suburban site at Can Rigalt for €28.6m a decade ago, with the understanding that it could be developed for residential and commercial use. However, the purchasers Inmobiliaria Mar were unable to go through with the project.
"A court has annulled that deal and ruled that Barca must repay the purchase price, along with legal costs and interest, in a judgment which ruled that the club had not fulfilled all the requirements agreed at the time."
"The news was confirmed by the Camp Nou outfit, who explained in a statement that the proceeds of the sale were used by the then club president Laporta to balance that year's accounts."
http://www.espn.in/football/barcelona/story/2907797/barcelona-ordered-to-repay-%E2%82%AC47m-by-spanish-court-over-invalid-land-sale
You've got to be kidding me...
"Barca sold the 10,000 hectare suburban site at Can Rigalt for €28.6m a decade ago, with the understanding that it could be developed for residential and commercial use. However, the purchasers Inmobiliaria Mar were unable to go through with the project.
"A court has annulled that deal and ruled that Barca must repay the purchase price, along with legal costs and interest, in a judgment which ruled that the club had not fulfilled all the requirements agreed at the time."
"The news was confirmed by the Camp Nou outfit, who explained in a statement that the proceeds of the sale were used by the then club president Laporta to balance that year's accounts."
http://www.espn.in/football/barcelona/story/2907797/barcelona-ordered-to-repay-%E2%82%AC47m-by-spanish-court-over-invalid-land-sale
You've got to be kidding me...
The amount of fines we paid in last few years is pretty damn high.
