Barcelona $ 1.57 billion in debt, seeks to sell media stake
FC Barcelona is looking for a point of support to get out of the debt of 1.57 billion dollars.
The club is looking at sell a $ 58.1 million in participation at Barca Studios, the club’s media production arm, with the buyer then pumping an additional $ 58.1 million into the business.
Launched in September 2019, Barca Studios is producing a fictional teen drama and partnering with Sony Music on an animated series and a MOJO coaching app on training videos.
- President of the Joan Laporta club noted in August that 17 investors were interested in Barca Studios. His predecessor, Josep Maria Bartomeu, had sought to sell a 49% stake for $ 116.2 million.
- Barcelona reported $ 558.9 million in losses during the financial year 2020/2021 on $ 733.2 million in revenue – a decrease of 26% year-on-year.
- The club hiring Goldman Sachs will sell $ 625 million in private placements.
Laporta said in August that the team salaries totaled 103% of his income, which is about 20-25% higher than its competition. He added that the club can get their finances back in a year and a half.
In the same month, superstar Lionel Messi signed with Paris Saint-Germain after a failed deal with Barcelona due to the team’s financial constraints.
In April, Forbes said Barca were the the most precious football club in the world, at $ 4.76 billion.