Barcelona has sold off even more of its club assets in the hopes of meeting the Spanish league’s financial rules so Robert Lewandowski and its other signings can play in the season opener.
Barcelona said Friday that it had agreed to sell 24.5% of
its Barça Studios production hub to Orpheus Media in a deal that would earn it
100 million euros ($103 million).
Last month Barcelona sold an initial 25% stake in its
production hub to Socios.com, a blockchain provider, for another 100 million
euros as well as 25% of its Spanish league television rights for the next 25
years for nearly 670 million euros ($689 million).
All told, the heavily indebted Catalan club has mortgaged
its future for 870 million euros ($895 million) in order to sign Lewandowski
from Bayern Munich along with other talented newcomers.
Regarding the sale of nearly 50% of its production hub, Barcelona
said in a statement that “with this investment the strategic partners in Barça
Studios show confidence in the value of the project and the future of digital
content in the world of sport.”
It also comes with Barcelona yet to register its new
signings with the Spanish league. Barcelona opens the season on Saturday at
home against Rayo Vallecano.
Thanks to the money it has made by selling its assets,
Barcelona has been able to strengthen its squad by signing Lewandowski, winger
Raphinha and defender Jules Koundé for a combined 160 million euros ($165
million).
But the Spanish league has strict financial requirements
that limit the amount clubs can spend on players’ salaries and transfers based
on the clubs’ financial health. Despite efforts to reduce costs and pay down
its debt, Barcelona still holds 1 billion euros ($1 billion) in debt and has
seen its salary cap slashed by the league in recent seasons.
So, as of Friday morning, it had not registered Lewandowski,
Raphinha, Koundé, free agent arrivals Franck Kessié and Andreas Christensen, or
Ousmane Dembélé and Sergi Roberto, who both signed new contracts recently after
their old ones had expired and so are considered new signings by the league.
This new injection of another 100 million euros should help
Barcelona’s financial balance that it presents to the league and increase its
chances of being able to register all those players.
The club is also pushing to sell players such as Samuel
Umtiti and Martin Braithwaite that are either unwanted by coach Xavi Hernández
or have big salaries like Frenkie de Jong.
Teams have until the end of the month to register new
players if they want to play in the Spanish league this season. Real Betis is
also still waiting to register several players.
Barcelona club president Joan Laporta said recently that he
was confident that his club will be able to field its latest acquisitions.
But it would be yet another blow to Barcelona’s reputation
if its star signings are not able to play at Camp Nou on Saturday.