SAD; Barcelona sell 25% Studio shares for €100 million to Socios to help register new signings.
Barcelona new signings like Raphinha, Robert Lewandowski, and Jules Kounde cost the club upwards of €150m while Andreas Christensen and Franck Kessie both arrived on free transfers.
Barcelona was unable to register new players due to La Liga’s strict spending caps with the club having already accrued debts equaling over a billion euros.
Joan Laporta confirmed the news with the club later making a formal announcement.
“Barcelona has announced the sale of 24.5% of Barça Studios to the company Socios.com for €100m to accelerate the club’s audiovisual, blockchain, NFT, and Web.3 strategy.
“The sale has been made in accordance with the authorization of the general assembly of FC Barcelona members held last Oct. 23.”
Barcleona had earlier sold 25% of their domestic television rights to investment fund Sixth Street for around €600m and now hope that the deal with Socios.com will ease their financial problems even more.
Barca Studios is a subsidiary of the Catalan club that produces in-house and external television content, along with other productions.
Along with selling shares of the club, Laporta is hoping to generate some revenue by getting rid of players that are not part of Xavi’s plans.
As this plan is underway, Barcelona is also hoping to get players like Neto, Riqui Puig, Samuel Umtiti, and Martin Braithwaite off the wage bill while also fielding offers for Miralem Pjanic, Sergino Dest, Memphis Depay and Frenkie de Jong, among many others.