• Loading stock data...
Friday, November 22, 2024

Barcelona Gets $65M Cash Injection Just Before La Liga Season

  • Barcelona continues to sell stakes in its media production are for key funding.
  • Delayed payments from existing investors caused concern ahead of the La Liga season.
A view of the FC Barcelona stadium
FC Barcelona

Barcelona received a major financial boost a few weeks before beginning its first La Liga title defense since Lionel Messi departed in 2021.

The Spanish club is getting a $65.83 million payment from reselling a portion of its media production arm Barca Studios, according to El Confidencial. The cash injection is vital to complete signings of key players. 

A German private equity company is buying two 8% stakes in Barca Studios from existing investors Socios and Orpheus Media — who both initially paid more than $100 million each for 24.5% stakes in the outfit. However, Socios and Orpheus had delayed $30 million-plus payments due to Barcelona, causing the club to seek new funding.

As it stands now, Barcelona itself owns 51% of Barca Studios, while Socios, Orpheus, and the new German company each own about 16%.

UEFA has permitted Barcelona to play the upcoming Champions League season despite an investigation into a potential scandal involving $7 million paid to a referee — a case that could eventually be reopened

Problems Off The Pitch

In Italy, bids for Serie A domestic media rights aren’t reaching the $1.1 billion annual threshold the league seeks for a deal to begin next year. Discussions had taken place with DAZN, Sky Italia, and MediaForEurope. 

Another update is scheduled to be announced in October.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rays $1.3B Ballpark Plans Stalled by Bond Delays, Hurricane Fallout

St. Petersburg officials vote to delay bonds for a new ballpark.
Nov 16, 2023; Las Vegas, Nevada, USA; McLaren F1 Team driver Oscar Piastri of Australia (81) during free practice at Las Vegas Strip Circuit.

F1 Welcomes Second Chapter of Polarizing Las Vegas Grand Prix

Both championship battles have yet to be clinched entering the Las Vegas race, which was not the case last year.

Old Rivals, New Stakes: Notre Dame and Army to Clash in Yankee..

The two schools are playing for the first time since 2016.
Oct 16, 2024; New York City, New York, USA; MLB Commissioner Rob Manfred before game three of the NLCS for the 2024 MLB playoffs at Citi Field.

Manfred Urges Patience on Rays Ballpark, Eyes MLB Media Shift

The commissioner also sees a new era emerging in the sport’s local media landscape.
podcast thumbnail mobile
Front Office Sports Today

What’s Next for Hapless Jets?

0:00

Featured Today

Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.
Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.
Michele Kang
November 19, 2024

Michele Kang Drops Whopping $30 Million on U.S. Soccer

It’s the largest gift to the federation focused on girls and women.
Aaron Rodgers
November 19, 2024

Jets Clean House With Only Aaron Rodgers Remaining

Joe Douglas’s firing wasn’t a surprise, but the timing was.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 18, 2024

Roaring to the Top: Lions Become Super Bowl Favorites for First Time

This is the first time in franchise history Detroit is favored to win the Super Bowl.
November 17, 2024

Dallas Wings Secure No. 1 WNBA Pick Projected to be Paige Bueckers

Bueckers has endorsement deals with Nike and Gatorade and an equity stake in Unrivaled.
November 13, 2024

NHL’s Smallest-Market Team Is Breaking Records, Securing Its Future

Both wins and attendance are way up for the often-overlooked NHL franchise.
Nov 8, 2024; Minneapolis, Minnesota, USA; Portland Trail Blazers guard Anfernee Simons (1) works around Minnesota Timberwolves guard Donte DiVincenzo (0) in the third quarter at Target Center.
November 13, 2024

Trail Blazers Troll Fan With Gambling Addiction Helpline

The official account suggested that a complaining fan on X/Twitter should call 1-800-GAMBLER.