Barcelona are selling ANOTHER 25 per cent of their own production company for £85m to “free up enough funds to register their new signings” on the eve of the cash-strapped club’s LaLiga opener.
- Barcelona sold a further 25 per cent of its in-house production center for £85m
- The agreement has been made with Orpheus Media, which is run by Jaume Roures, 72 years old
- They hope it will reduce the funds needed to register their signings
- Lewandowski, Dembele, Raphinha, Christensen and Kounde must be registered
Barcelona have sold a further 25 per cent of their in-house production center for £85m to help shore up their finances in a bid to land their summer signings ahead of their opener against Rayo Vallecano.
The decision to activate its fourth “economic lever” comes a month after the club signed an agreement with Socios.com to sell its 25 percent stake in Barca Studios last month.
Barcelona’s latest deal has taken place with Orpheus Media, run by 72-year-old Spanish media magnate Jaume Roures.
Barcelona have sold a further 25 per cent of their in-house production center for £85m to help shore up their finances in a bid to land their summer signings.
Roures is also the chief executive of MediaPro, which is the company that signed a £2.75 billion television deal to broadcast Ligue 1 matches in the summer of 2020.
However, Roures’ company defaulted on its payments in October and closed the contract just five months into the four-year deal until 2024.
Barcelona has activated its fourth ‘economic lever’ to compensate for the debt they are facing after years of mismanagement of the books.
Barcelona has sold the most recent 25% of its production company to Orpheus Media, run by Spanish media magnate Jaume Roures (above)
An official statement from the club said: “With this investment the strategic partners of Barca Studios show confidence in the value of the project and the future of digital content in the world of sport.”
Barcelona are currently struggling to register all their new signings before the first game of the season. However, they are confident that the new agreement will reduce the required funds.
As it stands, Robert Lewandowski, Ousmane Dembele, Raphinha, Franck Kessie, Andreas Christensen and Jules Kounde must be on the roster before Barcelona face Rayo Vallecano on Saturday.
The reason why Barcelona have not managed to register their players is because they are currently too close to their spending limit. The registration of new players is intrinsically linked to the club’s finances through the LaLiga system.
The Catalan club have yet to register their summer signings such as new star Robert Lewandowski
Ousmane Dembele (left), Raphinha (right), Franck Kessie, Andreas Christensen and Jules Kounde are also expected to be signed by the club
Barca would therefore need to generate additional funds by selling some of their key players, reducing their wage bill or activating “economic leverage” by selling parts of their domestic TV rights deal or offloading sections of Barca Studios.
Barça felt they had done enough to satisfy LaLiga, but the two institutions were on different pages. The club sold 25 percent of the future TV rights, but there was a difference of opinion when it came to deciding how much money they had raised. They declared €667m (£564m) but LaLiga only accepted €517m (£438m).
The difference is explained by the fact that they form a spin-off company called Locksley Invest with the American investment fund Sixth Street, of which Barça and Sixth Street own 50 percent.
Barcelona veteran Gerard Piqué has taken a hefty pay cut to stay with the Spanish giants
Locksley sold twenty-five percent of Barca’s future television rights income to Sixth Street for €517m (£438m). Barca then paid €150m (£127m) to buy them back over 25 years and claimed €150m (£127m) in new revenue, but LaLiga only accepted the €517m (£438m) with the other €150m (£127m) being the club buying from themselves, in effect.
This meant that Barcelona had to sell Frenkie de Jong or sell another 25% of their production company Barca Studios. Therefore, they chose to sell another section of their production center.
Meanwhile, Gerard Piqué has taken a pay cut and there are moves to persuade other veterans to do the same, but so far they have not done enough to satisfy LaLiga.
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