Barcelona have raised €100 million (£85m/$103m) by selling 24.5% of Barca Studios to Orpheus Media, which should help with their continuous transfer activity during the summer transfer season.
The agreement was approved by the FC Barcelona general assembly at a meeting in October 2021.
The deal is now official, and the La Liga heavyweights are racing to gather money in order to register their several high-profile signings in time for the start of their 2022–23 season, including Raphinha, Robert Lewandowski, Jules Kounde, Andreas Christensen, and Franck Kessie.
According to the club’s official statement: “FC Barcelona announces the sale of 24.5% of Barca Studios to the company Orpheus Media, managed by Mr. Jaume Roures, an audiovisual production company with a long history of producing content, for 100 million euros.
FC Barcelona announces the sale of 24.5% of Barça Studios to the company Orpheus Media for an amount of 100 million euros. This sale will serve to accelerate the growth of the Club’s digital, NFT, and Web3 strategy.
More information 👉 https://t.co/Q7v9c8WFy7
— FC Barcelona (@FCBarcelona) August 12, 2022
“The agreement complements the one signed on 29 July with Socios.com and will help to accelerate the growth of the club’s digital, NFT and Web.3 strategy.
“The sale was conducted under authorization of the General Assembly of FC Barcelona Members last October 23.
“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.”
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How Does Barcelona Raise Funds For Transfers?
The Blaugrana reported debts of €1.35 bn (£1.16 bn/$1.42 bn) in 2021, and president Joan Laporta was given permission to sell 49.9% of the club’s Licensing and Merchandising division in order to balance the finances (BLM).
By giving a global investment company called Sixth Street 25% of the club’s La Liga TV rights for the following 25 years, Laporta has raised a total of €582 m(£495 m/$591 m).
The club first earned about €267 m (£229 m/$277 m) from selling 10% to the company. Later, the company raised its shareholding by another 15%, fetching Barcelona an extra €315 m.
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