Advertisement

Barcelona raise an additional €100m in race to register new signings

The cash-strapped Catalan club have sold part of their media production unit.

The Barca crest at the side of the Camp Nou.
The Barca crest at the side of the Camp Nou.
Image: Nick Potts

CASH-STRAPPED BARCELONA have sold part of their media production unit “Barca Studios” for €100 million, the club announced today.

The Catalan giants had to cut player wages and off-load their star Lionel Messi last year as the club face up to an economic crisis caused by loss of revenue due to Covid and mismanagement.

Presented with severe limits on spending in order to comply with La Liga’s financial controls, Barca knew they needed to raise money quickly to be able to invest in any signings and, crucially, to register any new players ahead of the first La Liga game of the season – at home to Rayo Vallecano tomorrow night.

Remarkably, Barcelona have spent €153m on transfer fees alone to strengthen their squad, with Robert Lewandowski the most notable new arrival. Jules Kounde, Andreas Christensen, Raphinha and Franck Kessie have also joined this summer. 

They describe their new partner, Orpheus Media, as a company with “a long history of producing content”. The deal complements one signed with Socios.com to expand their NFT operation, the club said.

Barcelona’s attempts to establish themselves once again as a force in La Liga and the Champions League have seen the heavily indebted Catalans sell off various shares in potential future earnings.

What are they
really like?

Rare insights on sport's biggest names from the writers who know them best. Listen to Behind the Lines podcast.

Become a Member

The club’s key asset is its massive fan base, and this latest deal for the sale of NFTs and derivatives makes for a quick fix.

– © AFP 2022

Originally published at 14.32

About the author:

AFP

Read next:

COMMENTS (14)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel