Barcelona’s economic woes might finally be coming to an end as the Catalan club are on the verge of receiving a massive cash injection as they prepare to close deals with CVC and Goldman Sachs. This could help them as they gear up toward a busy summer transfer window.
The club’s hard and strong economic issues are no longer a surprise. Years of mismanagement and poorly run by former president Josep Bartomeu left the Spanish giant debt-ridden to the tune of over a billion euros in October 2020.
That is why they had to part ways with Lionel Messi over the summer and reduce the salary of most players in the squad just to fit under the operating limit. Barcelona have also had little wiggle room in transfer market activity and aside from the odd signing of Ferran Torres from Manchester City, they have mostly had to rely on making free-agent signings in the last one and a half years.
However, the club’s crunch financial struggles might see some relief in the upcoming season as the club strengthens its economic resolves. Besides focusing on the transfer market, the Catalans are also actively involved in holding talks with investors and sponsors to raise immediate funds and cut down on losses.
Most notably, La Liga had reduced Barca’s spending limit to a negative figure at the start of March which presented another significant roadblock going into next season. The club bosses led by Joan Laporta, in his second term, have their tasks cut out as they look to guide the institution back to the right track.
With Rakuten’s partnership as title sponsor coming to an end, Barcelona secured a new multi-million deal with popular Swedish music-streaming platform Spotify. According to a report from El Confidential, the club are now ready to strike a deal with CVC Capital.
The two parties had been locked in negotiations for months, with Barcelona and Real Madrid being the two clubs openly against the deal pushed by La Liga chairman Javier Tebas. However, they are now believed to be closing in on a final agreement.
The report in El Confidential further adds that the club could look to sell 30% of Barcelona’s TV rights to American banking giant Goldman Sachs, thus bringing in additional revenue. The two operations, expected to bring in nearly 900 million euros in immediate revenue, is expected to move Barcelona a step closer in their quest to return to normalcy, as they look to restore the club’s glory.
Spanish media suggest that closing these major economic operations as well as the sale of unwanted players will allow Barcelona to register superstar signings like Robert Lewandowski (Bayern Munich) and also keep players like Frenkie de Jong.