Barcelona will sell another 25 per cent of their in-house production company for £85m to free up enough money to sign new signings, ahead of the cash-strapped club’s first La Liga game.
- Barcelona sold the other 25 percent of the domestic production center for 85 million pounds
- The deal was made with Orpheus Media – by Jaume Roures, 72
- They hope that they will lose the necessary money to register their signatures
- Lewandowski, Dembele, Rafinha, Christensen and Kunde need to be registered
Barcelona have sold another 25 per cent of their home production center for £85m to help raise the finances to sign their summer signings ahead of their first game against Rayo Vallecano.
The decision to activate their fourth ‘economic lever’ comes a month after the club signed a deal with Socios.com last month to sell their 25% stake in Barca Studios.
Barcelona’s latest deal is with Orpheus Media – run by 72-year-old Spanish media mogul Jaime Rures.
Barcelona have sold another 25% of their home production center for £85m to help raise the finances to sign their summer signings.
Rures is the chief executive of MediaPro – the company that has signed a £2.75bn television deal to broadcast Ligue 1 games in the summer of 2020.
However, Rures’ company terminated the contract five months into the four-year contract until 2024 after defaulting on payments in October.
After years of falsifying the books, Barcelona have activated a fourth ‘economic lever’ to pay off their debt.
Barcelona have recently sold 25 percent of their production company to Orpheus Media – run by Spanish media mogul Jam Rures (above).
The club’s official statement: “In this investment, the strategic partners in the Barça studio show their confidence in the value of the project and the future of digital content in the world of sports.”
Barcelona are scrambling to get all their new signings in before the first game of the season. However, they are convinced that the new agreement will hamper the necessary funds.
As it stands, Robert Lewandowski, Ousmane Dembele, Rafinha, Frank Kesse, Andreas Christensen and Jules Kunde should all be booked before Barcelona host Rayo Vallecano on Saturday.
The reason Barcelona are unable to sign players is that they are currently too close to their cost. The registration of new players is linked to the club’s finances in the La Liga system.
The Catalan club have yet to sign their summer signings like new star Robert Lewandowski.
Ousmane Dembele (left), Rafinha (right), Frank Kesse, Andreas Christensen and Jules Kundem are waiting to sign for the club.
So Barca will have to generate more money by selling some of their key players, cutting their wages, or selling part of their domestic TV rights deal, or by downloading parts of the Barcelona studios and enabling ‘economic controls’.
Barca felt they had done enough to satisfy La Liga but the two institutions were on different pages. The club will sell 25 percent of future TV rights, but there was a difference of opinion over how much money they raised from it. They declared €667million (£564m) but La Liga only received €517m (£438m).
The difference can be explained by Locksley Invest, a spin-off company from US investment fund Sixth Street, in which Barca and Sixth Street both own 50 percent.
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25% of Barcelona’s future TV rights revenue has been sold by Loxley to Sixth Avenue for €517m (£438m). Barca paid €150m (£127m) in new revenue over 25 years, while La Liga only received €517m (£438m). As a result, the club must be self-governing.
That means Barcelona would either have to sell Frenkie de Jong or sell an additional 25 percent of their production company, Barca Studios. Therefore, they chose to sell another part of their production center.
Meanwhile, Gerard Pique has taken a pay cut and moves are being made to convince other veterans to do the same, but they have yet to do enough to satisfy La Liga.