Barcelona sell 24.5% of Barca Studios for €100M
Mon, 15 Aug 2022 10:09 GMT
Spanish club inks deal to enable new transfers by fulfilling La Liga's financial fair play rules, Spanish press claims.
Barcelona on Friday announced the sale of 24.5% of Barca Studios to the company Orpheus Media for €100 million (over $102.5 million).
The Spanish club said in a statement that the sale would help them accelerate the growth of their digital, NFT, and Web.3 strategy.
Spanish media outlets reported that the reason behind the sale was to fulfill financial fair play rules of Spanish La Liga and register new transfers for Barcelona, in the midst of economic problems.
Barcelona, which have been experiencing financial difficulties for the last few seasons, signed big names including Robert Lewandowski, Jules Kounde, Raphinha, Franck Kessie, and Andreas Christensen during the summer transfer window.