Barcelona – Spanish football club Barcelona announced on Friday the sale of a 24.5 percent stake in its audiovisual production company to Orpheus Media for 100 million euros (102.93 million dollars).
The sale comes as the Catalan club seeks to provide funds to register new players.
Barcelona had sold another 25 percent stake in the same company to Socios Digital Services last month as well.
“With this investment, the partners in Barca Studios demonstrate confidence in the value of the project and in the future of digital content in the sports field,” Barcelona said in a statement.
Barcelona uses many mechanisms to increase its revenues in order to compensate for losses, reduce debts and meet the rules of financial fair play applied in the Spanish League.
And Barcelona, coached by Xavi Hernandez, will start his career in the new season of the Spanish League tomorrow, Saturday, against its guest, Rayo Vallecano.
–
