With the money obtained from the sale of the property, Barcelona was able to meet the financial requirements from BTC La Liga and shop with peace of mind.
Despite facing a lot of economic problems in the past time, Barcelona is still one of the big shopping teams this summer in Europe. To get the money for the transfer, the Catalunya team had to activate financial leverage including selling assets owned by the club.
Recently, during the introduction ceremony of rookie Jules Kounde, President Joan Laporta confirmed that the team sold 24.5% of Barca Studios shares for 100 million euros. It is a video and audio content distribution platform, as well as blockchain technology, NFT and Fan Tokens. The buying partner is Socios.com, a company specializing in soccer digital platforms.
“All risks have been controlled. We need to save the team. The above money helps the team have more costs to recruit players,” said Mr. Laporta.
FC Barcelona President Joan Laporta. Photo: Marca
Many people feel overwhelmed with the way the crisis is resolved by the Camp Nou team. It only took 1 month to activate 3 of the levers they had at their fingertips after being approved in the last Extraordinary General Meeting and during the General Assembly held last October.
The first leverage activated on June 29 was the sale of 10% of the television rights to Sixth Street over the next 25 years in exchange for €207.5 million. Three weeks later, on July 22, the Barcelona leadership officially transferred another 15% package to Sixth Street with a term of 25 years, for 400 million euros.
Thus, up to now, Barcelona has collected more than 700 million euros from the sale of the club’s assets.
This money helps Barcelona to temporarily meet the financial requirements of the La Liga BTC, to register 5 rookies including Robert Lewandowski, Jules Koundé, Andreas Christensen, Franck Kessie and Raphinha, as well as 2 players with contract extensions, namely: Sergi Roberto and Ousmane Dembele.
However, the Catalan team is still having problems with its salary fund. Currently, Bcarelona’s salary fund is still significantly higher than the prescribed level of La Liga and this team has to streamline personnel by pushing away high-paid players like Depay and especially Frenkie de Jong.
Barcelona is said to have reached an $85 million deal with Man United for De Jong. According to British media, the Red Devils may make a new offer this week to complete the deal.
Barcelona is saddled with a debt of up to 1.5 billion USD, the consequences left from the time of former President Josep Bartomeu. Last year, this team was forced to “lose” the Lionel Messi monument, loaned Antoine Griezmann and sold Emerson Royal to reduce the salary fund.