Menu
International Football

Spanish Supreme Court Rules Former Barça President Will Need To Guarantee $31M

Spain's Supreme Court has "dismissed the appeal" made by former Barcelona President Joan Laporta and seven of his directors, and has confirmed the sentence handed down by the Provincial Court that ruled they should provide guarantees for losses incurred in the '02-03 season, according to MARCA. The losses, which occurred during Laporta's first season, total €63.8M. The Supreme Court ruled in favor of Barcelona club member Vicenç Pla, who first took the case to court, and has "also ordered Laporta to pay legal costs." Laporta and former directors Alfons Godall, Jaume Ferrer, Alfonso Castro, Joan Boix, Josep Cubells, Rafael Yuste and Albert Perrín "will need to guarantee" €23M ($30.9M), corresponding to 15% of the budget that the club approved for the '06-07 season. According to the sentence, the sum "should have been guaranteed by the board of directors" after having run up a loss €63M at the end of their first mandate (MARCA, 2/11). MARCA also noted Laporta and his directors originally "did not provide this guarantee" because the losses from the '02-03 season belonged to former President Joan Gaspart. Furthermore, given the profits made by Laporta in the other seasons during his first mandate, the Spanish Professional Football League (LFP) "exonerated Laporta and his board of having to provide the guarantee." However, the Supreme Court ruled the LFP cannot have the ultimate word in this aspect since it is a "legal duty" for guarantees to be given for professional sports clubs under the "Ley del Deporte" (MARCA, 2/11). 

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/02/12/International-Football/laporta.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/02/12/International-Football/laporta.aspx

CLOSE