Barcelona Sell Off Assets To Make Signings In Attempt To Restore Glory Days

Home » Barcelona Sell Off Assets To Make Signings In Attempt To Restore Glory Days

Barcelona’s attempt to reassert themselves in La Liga and the Champions League this season has left the indebted Catalan gamble with his future for a high-profile summer spending spree.

A year after being forced to let Lionel Messi go as a dizzying 1.35 billion euro ($1.39 billion) debt left the club in trouble asianbookie , Barcelona have spent 153 million euros in transfer fees alone to strengthen their Lineup, Robert Lewandowski is the most striking newcomer to arrive.

“It’s been a very exciting season. Nothing makes me happy more than making all the fans happy,” coach Xavi Hernandez said ahead of last weekend’s 6-0 win over Mexico’s Cougars UNAM .

“It means winning trophies. That’s our main goal.”

After three years of struggles on bk8 and off the pitch, there is hope for the Camp Nou this summer, and when the club announced Lewandowski as a Barcelona player, President Laporta spoke of an exciting ‘new era’ .
“Euphoria” made the front cover of the local daily “Sports” that day.

Even Madrid’s sports daily Marca has admitted that after Lewandowski scored his first goal since joining from Bayern Munich last weekend, Barca’s victory over the Cougars at the weekend” terrifying”.

However, how Barcelona raised the funds to sign Lewandowski, along with centre-backs Jules Kunde and Andreas Christensen, AC Milan midfielder Frank Casey and Leeds United’s Brazil The winger Rafinha has attracted attention.
To comply with La Liga’s financial controls, and faced with strict spending restrictions, Barcelona knew they would need to raise funds quickly in order to invest in any signings and bk8 asianbookie , more importantly, register any new players.

They quickly began selling assets to make money by initiating a series of so-called economic “leverages”.
The club sold 25% of its domestic TV rights to US investment firm Sixth Street for around 400 million euros, over the next 25 years.

Barcelona sold a 24.5% stake in Barca Studios, which manages the club’s digital business and audiovisual production, to Socios.com for 100 million euros on August 1, and then sold another 25 percent to Socios.com for 100 million euros. US investment firm GDA Luma.

Over the course of a few weeks, 600 million euros have been raised to fill the coffers.
The aim is to clean up clubs’ finances, raise the wage limits set by La Liga and allow new signings to fully register at the start of the season.

On top of that, Barca signed their biggest sponsorship deal in history with Spotify, bringing in a reported €435m for the music streaming giant to go on the club’s shirts and own the Camp Nou stadium bk8 malaysia Naming rights.

So Barcelona look likely to be a real title contender again as they prepare to host Vallecano this weekend.
Only time will tell whether mortgaging some of the club’s assets in exchange for an immediate influx of cash will bear fruit.

However, Barcelona are still waiting for La Liga to allow them to register new signings, although they hope it will be done in time for the season.

They also hope to further ease financial problems by reducing wages.

The Catalans have been trying to persuade Frenkie de Jong to leave, with some even suggesting the contract he signed in 2020 is not legal. The Dutch midfielder says he wants to stay.

Martin Braithwaite, Samuel Umtiti and Memphis Depay are also candidates to leave Camp Nou, with the latter reportedly being targeted by Juventus.

On top of that, malaysia bk8 efforts have been made to persuade certain players, including Gerard Pique and Sergio Busquets, to accept pay cuts.

As the media put it, Barcelona’s “economic miracle” still needs to be translated into a football miracle.

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