Barcelona sells additional shares from one of its companies to record new deals

Barcelona announced today that it has sold an additional 24.5% of the shares of Barca Studio, one of its subsidiaries responsible for managing the club's digital trading and audiovisual production, to Orvus Media, for 100 million euros.

The Catalan club is continuing its maneuvers to get cash quickly so that it can score all the deals it made this summer and comply with the spending restrictions imposed by the Spanish League.

This sale will provide more liquidity, which will help the club to raise the ceiling of its salaries and thus to register its new players in the League, Polish Robert Lewandowski, Brazilian Rafinha, Ivory Coast Franck Kissier, Danish Andreas Christensen and French Jules Conde.

The club announced earlier this month that it had sold 25% of the same company's shares to the Socius platform for 100 million euros as well.

And the club's president, Joan Laporta, had previously revealed that Barcelona had a mandate from the general assembly (fans-shareholders), to sell 49% of the stakes.

He also previously sold 10% and then 15% of the TV broadcasting rights in the Spanish League, to the American investment fund "Sixth Street" over the next 25 years, for 400 million euros.

Orvus Media is a company run by Jaume Ruris, founder of MediaPro, the former carrier of the French Ligue 1 whose failures in 2020 plunged French football into an unprecedented financial crisis.

In August 2021, Laporta, who was re-elected president of the Catalan club, said that the financial audit revealed the club's total debt of 1.35 billion euros.

The club allowed its Argentine star Lionel Messi to leave him last season to Paris Saint-Germain, saying that he could not keep him even with a reduced salary.

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