Barcelona mortgages its future on quick resurrection
2 years, 5 months ago

Barcelona mortgages its future on quick resurrection

Associated Press  

BARCELONA, Spain — Crippled by debt and fielding a team that was no longer among Europe’s elite, Barcelona’s leadership decided there was only one alternative after watching Real Madrid sweep up the major trophies last season. With Barcelona about to close last season with a financial loss for the fourth straight year and no money to spend on transfers, club president Joan Laporta took the gamble that the only way to save the team and stave off its seemingly unstoppable slide into mediocrity was to mortgage its future. After receiving the approval of Barcelona’s club members, Laporta’s board sold off 25% of its Spanish league TV rights for the next 25 years for 667 million euros. Laporta, who inherited a debt-ridden club when he returned to power last year, has also remained a firm backer of Madrid president Florentino Pérez’s scheme to establish a Super League. But it is also clear that Barcelona, for its status, cannot afford to have another season like the last one.” Ciria calculates that, not even including inflation, Barcelona has sacrificed at least 1 billion euros, starting with 41 million euros this season, in future TV revenues in exchange of 670 million euros now.

Europe Spain Rights Barcelona Team Club Season Billion Million Euros Messi Madrid Laporta Tv Rights  tv  quick  club  euros  million  future  won  rights  barcelona  billion  team  resurrection  mortgages  season

History of this topic

Barcelona can’t afford players like Mbappe, Haaland, says Xavi
1 year ago

Barcelona can’t afford players like Mbappe, Haaland, says Xavi

The Hindu  

Barcelona can no longer afford to shell out huge sums in transfer fees for top players like Erling Haaland and Kylian Mbappe, coach Xavi Hernandez said. Barcelona forked out fees in excess of 100 million euros for Philippe Coutinho, Antoine Griezmann and Ousmane Dembele between 2017-19, but the club’s financial issues mean it is unlikely to splurge on big new …

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach
1 year, 2 months ago

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach

News 18  

Barcelona lost an appeal to UEFA against being fined 500,000 euros for misreporting income under financial monitoring rules, the European soccer body said Friday. UEFA’s club finance panel imposed the fine in July after Barcelona declared income in 2022 on profit from “disposal of intangible assets which are not a relevant income under the regulations.” FC Barcelona is fined €500,000 …

How Barcelona won its 1st Spanish league title since Messi’s traumatic exit
1 year, 7 months ago

How Barcelona won its 1st Spanish league title since Messi’s traumatic exit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Barcelona’s risky bet to mortgage …

Barcelona faces Real looking to rebound from European disappointment
2 years, 2 months ago

Barcelona faces Real looking to rebound from European disappointment

The Hindu  

Barcelona's woeful European form has cast a shadow over its domestic resurgence, which will face the ultimate test on Sunday when it visits Real Madrid in a much anticipated El Clasico in LaLiga. However, its dreadful results in the Champions League have taken the shine off its domestic form and a 3-3 draw against Inter Milan on Wednesday left it …

Barcelona Must Shed Veterans to Balance Books: Club Official
2 years, 3 months ago

Barcelona Must Shed Veterans to Balance Books: Club Official

News 18  

Barcelona won’t be able to reduce its salary burden to sustainable levels until several veteran players finish their contracts, the club’s financial vice president said on Thursday. While presenting the budget for this season, Eduard Romeu warned it will likely take another two seasons before Barcelona is able to get its player salary load within manageable limits. Barcelona finished the …

Barcelona Predict 1.3 Billion Euro Revenue For 2022-23 Season, Forecast 274 Million Euros Profit
2 years, 3 months ago

Barcelona Predict 1.3 Billion Euro Revenue For 2022-23 Season, Forecast 274 Million Euros Profit

News 18  

Barcelona have forecast revenue of 1.255 billion euros for the 2022-23 season, with a predicted profit of 274 million euros. Barcelona also sold 24.5 per cent of their Barca Studios production company to fan token firm Socios.com and the same amount again to Orpheus Media, for around 100 million euros each. These deals, plus the return of supporters in droves …

Barcelona 'forecast profits of £240m this season'
2 years, 3 months ago

Barcelona 'forecast profits of £240m this season'

Daily Mail  

Barcelona have forecast a profit of £240million this season, according to reports. The Spanish giants were forced to execute a handful of 'economic levers' this summer in order to boost funds and register new signings, even after LaLiga had increased their spending cap to £575m. Barcelona 'have forecast a profit of £240million this season' after rescuing the club's finances Club …

Barcelona sells more assets to clear Lewandowski for opener
2 years, 4 months ago

Barcelona sells more assets to clear Lewandowski for opener

Associated Press  

BARCELONA, Spain — Working against the clock, Barcelona sold off even more of its club assets on Friday so it could meet the Spanish league’s financial rules and clear Robert Lewandowski and other summer signings to play in its season opener. The troubled Spanish club was only able to ensure that its star signing will be available against Rayo Vallecano …

Barcelona Sell Off Assets to Make Signings in Attempt to Gain Force in La Liga
2 years, 4 months ago

Barcelona Sell Off Assets to Make Signings in Attempt to Gain Force in La Liga

News 18  

Barcelona’s attempts to establish themselves once again as a force in La Liga and the Champions League this season have seen the heavily-indebted Catalans gamble with their future to enable a striking summer spending spree. A year after being forced to let Lionel Messi go as eye-watering reported debts of 1.35 billion euros crippled the club, Barcelona have spent 153 …

Barcelona tried to buy back future TV rights income from THEMSELVES
2 years, 5 months ago

Barcelona tried to buy back future TV rights income from THEMSELVES

Daily Mail  

Barcelona were so desperate to satisfy LaLiga's financial fair play rules this summer that they bought their own TV rights future revenue from themselves, and tried to declare the deal as new income. Spanish radio station Cope revealed the perfectly legal manoeuvre and confirmed that LaLiga did not accept the artificially-inflated declared income, leaving the club still trying to find …

Barcelona sells part of its production hub for $102M
2 years, 5 months ago

Barcelona sells part of its production hub for $102M

Associated Press  

BARCELONA, Spain — Barcelona has sold part of its production hub for 100 million euros to boost its finances in a bid to use its newly signed players right away. Club president Joan Laporta announced Monday the club sold a 25% stake of Barça Studios to Socios.com, a blockchain provider in the sports and entertainment business. The money should also …

Barcelona sells 2nd package of Spanish league TV rights
2 years, 5 months ago

Barcelona sells 2nd package of Spanish league TV rights

Associated Press  

BARCELONA, Spain — Barcelona has sold a second package of its television rights to an American investment firm for an undisclosed amount as the Spanish club claws its way out of debt. Barcelona said Friday it had agreed to sell an additional 15% of income from TV rights from Spanish league games for 25 years to Sixth Street. That gives …

Explained: Barcelona’s economic ‘levers’ and summer transfer plans
2 years, 5 months ago

Explained: Barcelona’s economic ‘levers’ and summer transfer plans

New York Times  

It didn’t take long for the jokes to start on social media in Spain when it became apparent “levers” were poised to play a key role in Barcelona’s summer transfer activity. Barcelona’s Frenkie de Jong with fans in Australia last month Barcelona will receive €315million from the deal and, in total, the club has piled up around €522million through TV …

Barcelona Sell 10 Percent TV Rights For $215 Million
2 years, 6 months ago

Barcelona Sell 10 Percent TV Rights For $215 Million

News 18  

Barcelona on Thursday announced they had sold 10 percent of their Liga television rights for 25 years to U.S. investment group Sixth Street for 207.5 million euros. “Sixth Street will initially invest €207.5 million and in return will receive 10% of the Club’s LaLiga TV rights for the next 25 years,” Barca said in a statement. Catalan sports daily Sport …

Barcelona members approve sale of TV rights, merchandising
2 years, 6 months ago

Barcelona members approve sale of TV rights, merchandising

The Hindu  

Football Club Barcelona’s members have approved a plan to sell portions of the team’s television rights and future revenues from merchandise and licensing in hopes of injecting €600 million immediately into the debt-ridden Spanish club. Club president Joan Laporta said that the two measures were necessary to “generate profits and have positive equity” after two seasons of being unable to …

Barcelona members approve sale of TV rights, merchandising
2 years, 6 months ago

Barcelona members approve sale of TV rights, merchandising

Associated Press  

BARCELONA, Spain — Barcelona’s members have approved a plan to sell portions of the team’s television rights and future revenues from merchandise and licensing in hopes of injecting 600 million euros immediately into the debt-ridden Spanish club. Club president Joan Laporta said that the two measures were necessary to “generate profits and have positive equity” after two seasons of being …

How is Barcelona FC Trying to get its Finances Back on Track
2 years, 10 months ago

How is Barcelona FC Trying to get its Finances Back on Track

News 18  

Barcelona is back in the second tier of European football after nearly two decades of contending among the elite in the Champions League, a blow to its prestige and a further hit to its dire financial situation. DEBTS The club’s debt reached a whopping 1.3 billion euros, including almost 390 million euros related to player salaries and more than 670 …

EXPLAINER: How Barcelona tries to get finances back on track
2 years, 10 months ago

EXPLAINER: How Barcelona tries to get finances back on track

Associated Press  

MADRID — Barcelona is back in the second tier of European soccer after nearly two decades contending among the elite in the Champions League, a blow to its prestige and a further hit to its dire financial situation. DEBTS The club’s debt reached a whopping 1.3 billion euros, including almost 390 million euros related to player salaries and more than …

Barcelona: Xavi can salvage club's Champions League dream by beating Benfica
3 years, 1 month ago

Barcelona: Xavi can salvage club's Champions League dream by beating Benfica

Daily Mail  

No pressure Xavi, tonight’s game is only worth £10.4million to the club. Xavi can salvage Barcelona's Champions League dream by beating Benfica on Tuesday night Barcelona will earn £2.3m from winning on Tuesday night and the subsequent qualification to the next round will bring a further £8.1m. Benfica humbled Barcelona with a 3-0 win the last time the two sides …

European Union's top court deals setback to Barcelona, Real Madrid in tax case
3 years, 10 months ago

European Union's top court deals setback to Barcelona, Real Madrid in tax case

Firstpost  

Barcelona are coming off their first season without a trophy since 2007-08 and have a debt of more than 1.1 billion euros, largely because of the coronavirus crisis. The European Union’s top court dealt a blow to Barcelona, Real Madrid and two other Spanish football clubs on Thursday by upholding a decision from the bloc’s executive arm ordering they should …

Barcelona 'beg banks to delay huge repayments of £178m amid fears club could go BANKRUPT'
3 years, 11 months ago

Barcelona 'beg banks to delay huge repayments of £178m amid fears club could go BANKRUPT'

Daily Mail  

Barcelona have reportedly asked a host of major banks to delay debt repayments so that the club can avoid insolvency, in an alarming development for the club's supporters. Barcelona have asked a host of banks to delay the repayment of £178million debt owed Barcelona announced during the 2019-20 season that it expected to be the first club to break the …

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