Soccer-Barcelona approve selling 25% of TV rights and 49.9% of retail arm

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BARCELONA (Reuters) - Barcelona approved on Thursday the sale of a minority share of their licensing and merchandising division and the cession of up to 25% of income from their LaLiga TV rights in a bid to improve their financial situation.

The club board hopes this will enable them to finish the financial year without losses and increase their spending limit.

The plan to sell BLM received 89.3% backing from 636 participants , while the TV rights deal got 86.8% support. "We believe that using club's assets to create financial levers is the best way to bring back Barca to being competitive again." He inherited a deep financial crisis exacerbated by the COVID-19 pandemic and, restricted by LaLiga's Financial Fair Play rules, Barca were unable to re-sign club great Lionel Messi who left as a free agent for Paris St Germain last summer.

 

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