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Barcelona can escape financial hole in 18 months, president says

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FC Barcelona president Joan Laporta [Reuters, Nacho Doce]

FC Barcelona can reverse their poor financial situation within a year and a half, president Joan Laporta told a news conference on Monday, after saying the club ended last year 451 million euros ($531 million) in the red.

"I reckon that in a couple of years the club will be healthy," he told reporters, adding that the team have many potential sponsorship deals open to them.

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