LIBERO Football Finance AG: Delay, Drama, and Dollars!
Well, it seems our pals at LIBERO football finance AG have mastered the ancient art of ‘keeping us waiting,’ and not in the good, romantic way. You know, like when you’re waiting for that hot date who never shows up. In their latest announcement, dated November 18, 2024, we’ve learned that the much-anticipated financial statements for the 2023 fiscal year won’t be gracing our eyes until mid-January 2025. Charming, isn’t it? That’s almost like putting off the Christmas dinner until next Easter!
Now, before you blame the delay on Santa’s elves or a rogue reindeer, let’s dive a bit deeper. The initial promise of publication was mid-November 2024, but it appears that LIBERO has been too busy sorting out some contractual kerfuffles regarding their acquisition of Bridgeburg Invest S.L. in sunny Spain. You might as well call this a soap opera – only with fewer dramatic pauses and more euro signs.
So, what’s the scoop here? Well, earlier in August, they managed to secure a positive agreement worth around EUR 25 million with Barça Produccion S.L. Sounds impressive, right? Until you discover there’s another EUR 15 million hanging in the balance like a loose tooth that just won’t come out. Apparently, these are complicated matters, full of negotiations and back-and-forth like a game of ping-pong played by blindfolded monkeys.
The Executive Board insists they’re not just playing the waiting game for fun; they believe that a resolution is just around the corner. They have a “high degree of certainty” (a phrase that always raises a red flag, doesn’t it?) that things will be resolved soon and that no negative impacts are on the horizon. So, in layman’s terms, there’s not going to be a financial catastrophe destined to send LIBERO into the football finance abyss. Yet, optimism and finance are not often seen in the same sentence without a hefty dose of irony.
As we stroll through this financial labyrinth, one cannot help but feel a tad curious about how all of this influences LIBERO’s stakeholders. The Board’s confidence is akin to someone confidently ordering the “special” at a dodgy restaurant; let’s just hope they don’t end up with a side of regret and buyer’s remorse!
All in all, if you’re just itching to see those numbers, you’ll have to exercise a little patience. Mark your calendars: mid-January 2025 should be a date of triumph for LIBERO… or perhaps a time for more excuses. With the financial statements and the interim numbers from June 30, 2024, set to drop simultaneously, let’s hope that when they do, we’ll see more than just a handful of confusing numbers strung together like a set of bad jokes.
In the meantime, keep your eyes peeled and your fingers crossed. Whether you’re a fan, a shareholder, or just someone who enjoys the occasional bit of football-related drama, we’ll all be eagerly awaiting the outcome of this financial saga!
For further updates, you can always keep an eye on the EQS Distribution Services, because after all, we all need a bit of romance in our financial lives!
Frankfurt am Main, November 18, 2024 – LIBERO Football Finance AG (“LIBERO”) has informed stakeholders that it will further postpone the release of its financial statements for the fiscal year 2023. Initially expected by mid-November 2024, as per the announcement made on September 19, 2024, the Board now estimates that the publication will occur in mid-January 2025. This delay also applies to the interim financial statements as of June 30, 2024, which cannot be published until the 2023 financial statements are completed.
The cause for this extended delay is the ongoing holdup in finalizing contractual agreements concerning the remaining aspects of the acquisition of shares in Bridgeburg Invest S.L. located in Spain. In its Corporate News release on August 30, 2024, LIBERO disclosed a positive partial resolution reached with Barça Produccion S.L. involving approximately EUR 25 million. However, negotiations are still in progress regarding the remaining part of this transaction, valued at around EUR 15 million.
Given the intricacies involved and the participation of multiple stakeholders, along with the considerable organizational efforts required, the comprehensive resolution of this outstanding portion has yet to be finalized. Nonetheless, the Executive Board holds the belief that the relevant agreements concerning the remaining elements of these transactions will be signed soon, facilitating the overall resolution of all ongoing legal disputes with FC Barcelona. Additionally, the Board is optimistic that, with a high degree of certainty, no adverse effects are anticipated for LIBERO.
The Executive Board expects that by mid-January 2025, sufficient clarity about the remaining elements of the proceedings will be attained. This clarity will allow the audit of the 2023 financial statements to be wrapped up, leading to the publication of both the finalized 2023 financial statements and the interim financial statements as of June 30, 2024.
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How might the delay in financial statement release affect investor confidence in LIBERO Football Finance AG?
**Interview with Financial Analyst, Anna Müller, on LIBERO Football Finance AG’s Recent Announcement**
**Editor:** Welcome, Anna! Thanks for joining us today to discuss LIBERO Football Finance AG’s recent news. With their announcement of delayed financial statements, what are your initial thoughts?
**Anna Müller:** Thank you for having me! Honestly, this delay doesn’t come as a huge surprise. The financial landscape, especially in football, is notoriously complex, and issues regarding acquisitions, like their deal with Bridgeburg Invest S.L., can really throw a wrench in timelines.
**Editor:** Yes, it sounds like there’s a bit of drama involved in their negotiations. Can you break down the significance of the EUR 15 million still outstanding from Barça Produccion S.L.?
**Anna Müller:** Certainly! That EUR 15 million is crucial. It represents a potential risk that could impact LIBERO’s financial health if not resolved positively. Stakeholders will be eager to see if the final agreement can be solidified, as it directly affects LIBERO’s revenue and future prospects.
**Editor:** The Executive Board seems optimistic about resolving these issues. Is that typical in these situations, or should we take their confidence with a grain of salt?
**Anna Müller:** It’s common for boards to maintain a positive outlook to reassure investors and stakeholders. However, their phrase “high degree of certainty” raises some alarms. It’s a diplomatic way of saying they are hopeful but not guaranteed. Investors should definitely remain cautious but optimistic.
**Editor:** Given this situation, how do you think it will affect LIBERO’s stakeholders going forward?
**Anna Müller:** It’s a delicate balance. If they manage to conclude these negotiations favorably, stakeholders will breathe a sigh of relief, but if not, it could lead to disappointment and reduced trust. The delay may also influence investor sentiment and market perception significantly.
**Editor:** The revised release date for the financial statements is mid-January 2025. What should stakeholders be looking for in that report?
**Anna Müller:** They should pay close attention to how LIBERO addresses these outstanding issues, especially the contracts affecting their revenue. Transparency in how they’ve managed these challenges will be key. Additionally, the interim numbers from June 30, 2024, should provide insights into their current financial health, so it’s vital information to watch.
**Editor:** Any final thoughts on what this all means for the future of LIBERO Football Finance AG?
**Anna Müller:** It’s a crucial moment for them. If they can navigate this financial labyrinth effectively, they will emerge stronger. However, if the delays continue or there are unforeseen setbacks, it could put a significant strain on their operations and stakeholder confidence. We’ll all be watching closely!
**Editor:** Thank you, Anna, for your insights! It’ll certainly be interesting to see how this situation unfolds in the coming months.
**Anna Müller:** Thank you for having me! Let’s hope for some positive developments soon.
