According to a LaLiga statement released on Thursday, league president Javier Tebas has denied having ever threatened FC Barcelona with a possible relegation in the event they allowed Joan Laporta to take over the club without providing the bank guarantees required by LaLiga, report Marca.

In the statement, the LaLiga president explained that there are no regulations that dictate that a club should be relegated in the event they don’t manage to get the aforementioned guarantees.

Barcelona Presidential candidate Toni Freixa had taken to social media earlier on Thursday to reveal that Tebas threatened Carles Tusquets, the president of Barcelona’s management committee, saying that the club could face relegation to Segunda División if they didn’t provide LaLiga with the required bank guarantees.

Given the statements made public today by Toni Freixa, LaLiga want to state that at no time did Javier Tebas have contact with Carles Tusquets during the electoral period,” read LaLiga’s statement.

The only contact made by LaLiga was with the legal services of Barcelona, who requested a legal report that was delivered to them and did not mention the relegation to which Freixa alludes.

Finally, LaLiga want to remind that, in the event that the newly elected president of a club does not present a [bank] guarantee, legally it is only possible to repeat elections and never relegate [the club].