Barcelona exploring option of selling more TV rights on top of 25% already gone

Originally posted on Football Espana | By Ruairidh Barlow | Last updated 4/24/24

Barcelona are exploring further asset sales amid a torrid financial situation which has not improved dramatically in the last two seasons. President Joan Laporta made the term ‘economic levers’ famous after selling off assets, which was sold as a one-time thing, but it has been revealed that they could look to boost their cash flow again.

The Blaugrana sold off 25% of their La Liga TV rights for the next 25 years, as well as 49% of Barca Vision for a total of €667m in the summer of 2022, although they have had trouble with the latter. Currently they have only received €40m, when they were due to receive a further €40m last summer. Another payment of €60m is due this summer.

Barcelona have warned PSG: Lamine Yamal is non-transferable. Barça have already completely closed the door for a departure of the winger. Lamine has a contract until 2026, but there is an agreement to extend it until 2030 when he turns 18. @sport

— barcacentre (@barcacentre) April 24, 2024

There have been no problems with the TV rights money, sold to Sixth Street, but Marc Ciria i Roig, a Barcelona economist who is an expert on the club’s finances, has told ESPN that Barcelona could be looking to sell another 24% of their rights. This is the maximum they have been authorised to by the club members, but would leave the club with just 51% of their rights remaining.

He estimates the club is losing €40m in value per yer as things stand, and that figure would obviously come close to doubling with another similar sale. It means that over the course of the piece, Barcelona are only receiving €600m in total over the quarter century for the immediate cash injection, while Sixth Street are due to make €1b in total.

Ciria also estimates that the club debt in total could be as high as €3b, while media mogul Jaume Roures puts the figure closer to €2.7b. The former also points out that club boards are required to cover the costs of any losses made during their mandate, which could impulse further asset sales, including Barcelona Licensing and Merchandising. Laporta and the board have been authorised to sell up to 49% of BLM too, which is described as one of the financial engines of the club, and could be endangered if the board look set to make major losses as they go into the end of their mandate (2026).

The post Barcelona exploring option of selling more TV rights on top of 25% already gone appeared first on Football España.

This article first appeared on Football Espana and was syndicated with permission.

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