After ten months of negotiations with some ups and downs and demands in between, Barcelona and the American multinational Nike reached an agreement to extend their contractual relationship until 2038. The current one expired in 2028. Although no official figures have been released, the Barça club can earn up to 1.7 billion euros in these 14 years if all the variables of the contract are met.
Despite the magnitude of the figures, Barcelona still needs to do more financially to be able to register Dani Olmo and Pau Víctor from December 31 and to return to the much desired 1:1 rule. In terms of fair-play, of the new income from the contract with Nike, the club will only be able to use around 11 million euros from the proration of the renewal bonus because an important part of the improvement was already included in the budget for this season. “There were around 60 million euros missing, but we already had a few accredited and let’s say there would be about 35 million missing,” said Joan Laporta a few weeks ago.
The solution to reach 1:1 is to achieve new income and it will most likely be achieved through a new investor for Barça Vision. The Barça club has valued this asset in the books at 408 million euros and sold off 49% of the shares for 200 million, money with which it was able to sign and register players at first. Barcelona established a payment schedule that has not been met. Of the initial 60 that were to be worn, Libero only contributed 20 and then later contributed 20 more. Aramark, which obtained the hospitality and catering contract in the new Spotify Camp Nou until 2050, entered as an investor in Barça Vision with 25 million, of which only 15 could be used because the other ten have been used to reimburse Orpheus, the other investor who left the company. In short, of the 200 million euros, the club has only achieved 55.
In the accounting year, Barcelona has provisioned the remaining 145 (hence the net losses in the closing of the numbers) and for the purposes of the salary limit, LaLiga also does not count the amount if the effective income has not been achieved. Before closing his report, the auditor asked that the non-payments be taken into account, to which Barcelona agreed, but the club remained firm and did not want to deteriorate the value of the 51% it holds in Barça Vision despite the fact that it was also a recommendation of the auditor.
Related news
Joan Laporta assured that they are close to closing the entry of new partners in Barça Vision that would serve to have more ‘fair-play’. In principle it should be before the end of the year. With one you are already in the ‘due diligence’ process but time is of the essence. The club is very optimistic and has no doubt that they will achieve their goal and Olmo and Pau Víctor will be able to register normally.
Follow the Diario AS channel on WhatsAppwhere you will find all the sport in a single space: the current news of the day, the agenda with the latest news of the most important sporting events, the most outstanding images, the opinion of the best AS brands, reports, videos, and some humor from time to time.
