EQS News: Further delay in the 2023 annual accounts | 19.09.24

Frankfurt am Main, September 19, 2024 – LIBERO football finance AG (“LIBERO”) announces that the publication of its annual accounts for the 2023 financial year has been further postponed. Following the most recent update on August 30, 2024, which announced a postponement until mid-September 2024, the LIBERO Board of Directors now expects publication to take place in mid-November 2024.

The reason for this additional delay is the continued postponement of the completion of the contractual agreements relating to the remaining outstanding parts of the acquisition of shares in Bridgeburg Invest SL in Spain. As reported in LIBERO’s Corporate News on August 30, 2024, the company has already reached a positive settlement and partial resolution of approximately EUR 25 million with Barça Produccion SL and is in final negotiations for the remaining EUR 15 million part of the transaction, with the aim of settling this as well.

Due to the large number of parties involved and the associated organizational complexity, the final settlement of the outstanding portion has not yet been completed.
The Board of Directors expects that the remaining agreements related to the above-mentioned transactions will be finalized in the near future, leading to the full resolution of all legal disputes with FC Barcelona. The Board further believes that with a high degree of certainty no negative consequences for LIBERO are expected.
The management currently expects that a sufficiently clear picture of the development of the remaining matters will have emerged by mid-November 2024. On this basis, the audit of the annual accounts can be completed and the publication of the 2023 annual accounts can take place.