Barcelona's president-in-waiting Joan Laporta is facing a race against the clock to secure a £107million guarantee from the banks, or else another election will have to be called.
Laporta has than 24 hours remaining to tie up the loose financial ends or else the process will begin once again, despite the 58-year-old winning last Monday's election.
That is according to ESPN, who report that to take office, Laporta and his executive board must first present a bank guarantee worth 15% of Barca's budget within 10 days of being elected.
Wednesday marks the deadline for Laporta to come up with the guarantee, which must also be ratified by La Liga, in order to receive official approval.
Laporta entered the election as hot favourite to win, up against Victor Font and Toni Freixa, and received the vote of club talisman Lionel Messi.
Barca's club statutes dictate that incoming presidents should be 'equally liable for [the total amount] unless individual or internal agreements are made between the members of the board for a different distribution of liabilities.
Laporta returns to the club which he oversaw during a period of great success throughout the Pep Guardiola era, when Barca were regarded as the most formidable team on the planet and won every trophy available to them.
Laporta's campaign appeared well on track this week until reports emerged that one of his vice presidents, Jaume Giro, would no longer form part of his team.
Publically Giro has cited frequent work commitments in London as a reason he could not join forces with Laporta, but speculation has mounted regarding a possible rift between the pair.