Mountain & Co. I Acquisition Corporation y el FC Barcelona have announced that they are terminating the agreement and, finally, the entity will not come out Stock market in the United Statesas reported this past morning by the SEC (United States Securities and Exchange Commission). In this way, the entity will be able to search for new investors to Barça Media. As explained in a joint statement, the entity chaired by John Laporta prefers to focus on short-term business opportunities.
The Junta culé has been trying for months to find a new investor to replace Liberothe German fund that has failed to comply with the payments it had to make to the Barça club for the acquisition of 15% of the company and with which there are cross lawsuits for non-compliance.
The decision to terminate the agreement stems from a joint decision to focus on short-term business opportunities
Announcement
“The decision to terminate the agreement follows a joint decision to focus on short-term business opportunities, which are best addressed in an unlisted structure. The parties have agreed that Barça alone, without Mountainwill fully concentrate on taking advantage of such business opportunities, which are expected to substantially drive the growth of Barça Media“, states the notification.
Laporta: “We are the best club in the world, we have 48 Champions Leagues”
Mountain is a Spac (a company created to complete an acquisition of a company or merge with it) in order to open the door to Nasdaqthe market where it is quoted.
Victor Font’s reaction
The presidential candidate in the last elections has reacted to this news through social networks. “As I explained a year ago, it was a speculative operation that tried to be a solution to the bridge transition of Barça Studios in summer 2022. It is and was almost impossible, taking into account the current markets, to find a serious investor to Barça Vision that values the assets at 400 million,” he wrote Victor Font.
“We hope that in the coming days they do not announce an agreement to plug holes and continue selling smoke,” he added.
2024-06-29 09:27:30
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