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"When we came in this March, we found a club that was technically bankrupt; if it was a PLC, (the club) would have been dissolved," Ferran Reverter, CEO of FC Barcelona said. "There was no cash flow and we had difficulties paying salaries. Debt and future liabilities amounted to €1.35 billion and there was an urgent need for refinancing." NO USE SPAIN.
"When we came in this March, we found a club that was technically bankrupt; if it was a PLC, (the club) would have been dissolved," Ferran Reverter, CEO of FC Barcelona said. "There was no cash flow and we had difficulties paying salaries. Debt and future liabilities amounted to €1.35 billion and there was an urgent need for refinancing." NO USE SPAIN.
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