Barcelona set for €40 million economic boost through deal with American investors

In a major development, Barcelona may soon be able to put their Libero nightmare to rest.

In a major economic boost, Barça secured a new financial partner to cover the €40 million gap left by German firm Libero Football Finance AG, according to various reports in Spain (h/t Mundo Deportivo).

This comes as a major relief after Libero failed to fulfil their commitment towards Barça Vision, a crucial element for Barcelona’s financial health.

Libero had agreed to pay €40 million in the last quarter of 2023 and a further €20 million by June 30, 2024, for a stake in Barça Vision. However, the payments never materialised, leaving Barcelona in a financial bind.

Deal with an American company

An American company is set to take over Libero’s commitment, providing a much-needed financial injection.

This will significantly improve Barcelona’s accounts ahead of the June 30 deadline, a crucial date for meeting La Liga’s financial fair play regulations.

Extracting €40 million could be a major win for Laporta (Photo by MANAURE QUINTERO/AFP via Getty Images)

Fulfilling these regulations is essential for Barcelona to access the transfer market this summer under the 1/1 rule, which will allow them to spend each euro they earn.

While the American company’s name remains undisclosed, some reports in Spain suggest that Spotify, Barcelona’s current shirt sponsor, might also be involved.

It appears Spotify is considering investing in Barça Vision through an investment fund, potentially covering a portion of the Libero shortfall.

The upcoming board meeting on June 27 promises to be a pivotal one for Barcelona. Finalizing the deal with the American company and potentially securing additional investment from Spotify would provide a significant financial boost.

The report adds that Barcelona may make the deal with the American company official after the board meeting.

This would not only improve Barcelona’s accounts but also allow them to compete actively in…

Source link : https://barcauniversal.com/barcelona-set-for-e40-million-economic-boost-through-deal-with-american-investors/

Author : Connell Edgar-Jones

Publish date : 2024-06-26 15:17:06

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