The Barcelona works at full speed in order to activate its first economic lever that allows it to close the 2021/22 financial year without losses. A fundamental objective in order to ensure that the endorsement of the managers is not in danger and that they stop making losses for the third consecutive year. This is important because it relaxes the Financial Fair Play pressure on the club.
Laporta: “If the partners approve the economic levers, we will be able to sign and leave the UCI”
Right now, Joan Laporta and Eduard Romeu negotiate with various investment funds the assignment of the 10% of television rights for a period of 25 years. This is the offer that has been proposed and is being negotiated in parallel with said funds. This would mean about 200 million euros that would enter the club and would allow closing the balance with a small profit.
The club asked a few days ago for the Assembly of Delegates permission to negotiate the transfer of these television rights with a maximum of 25%. At the moment, the club only contemplates putting 10% of said rights on the market. The commitment reached by the Directive is that each tranche of 10% will account for about 200 million euros. Therefore, the maximum that could be reached in this chapter was 500 million.
Eduard Romeu, economic vice president of the club.
At the moment, this will not be the case and it is limited to 10%, which represents 16.6 million euros per year. It is very important for the club to give the green light to this operation as soon as possible if they want affect the balance since in a week the term closes. Although the Board hopes to make it effective, if this were not the case, the club could seek another financing formula to balance the accounts.
The other lever that is negotiated, but that will not be effective before June 30, is the sale of 49% of BLM. This will be very important in order to ease the pressure on the Financial Fair Play and the deadline will be July 31st.
