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Monday 14 August 2023

Barcelona activate new financial lever worth €120m


FC Barcelona has agreed to resell 29.5% of Bridgeburg Invest (a trademark of Barça Vision) to LIBERO Football Finance AG and NIPA Capital B.V. Barça Vision is a platform meant to consolidate the club’s digital assets, such as NFTs. The Catalan club will receive €120 million as a result of the transaction. 

Orpheus Media and Socios.com previously owned 29.5% of the company. This infusion of funds will allow Barcelona's contract extensions (Arajo, Ter Stegen, Balde, Roberto, and Pea) to be registered. It will also allow at least two new signings, Oriol Romeu and lkay Gündoan, to be registered. The registrations of Iigo Martnez and Marcos Alonso may take a little longer because there is still a portion of Barça Vision to be sold.

It still seems much more likely that a right back is targeted first. João Cancelo seems to be the first choice, as Iván Fresneda reportedly doesn’t move the needle for Xavi. Cancelo’s experience and versatility seem to be more important at the moment for the manager from Terrassa.

This agreement will certainly help there, if only because it will lighten the pressure of registering new players. Facilitating registrations of first team players is definitely a priority at the moment with La Liga beginning this weekend.

Agreement to expand into North American markets
Barcelona has also reached an agreement with Mountain & Co. and Acquisition Corp to increase the reach of Barça Vision and Barça Media into North American markets. As a result, the digital material produced by these two subsidiary companies would get exposure and reach new audiences.

This growth into new areas appears to be very profitable for Laporta's board, as they expect the money earned will be substantial. They also anticipate that the assets will be valued between €910M and €1B. This agreement, however, is still subject to approval by FC Barcelona's General Assembly.

Much of the discussion surrounding FC Barcelona in recent years has centred on their finances - or lack thereof. This has made signing and, especially, selling athletes more complicated than necessary. Despite this, it appears that the club is working to restore itself into a more financially stable institution.

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