The board of directors of FC Barcelona has convened an extraordinary assembly of compromising partners for next Thursday, June 16, at the 1899 Auditorium in order to request authorization by electronic means to undertake different economic actions that help close the current financial year before the 30th and to reinforce the squad for the next 2022-2023 season.
The Barça council will present two proposals for approval that affect the sale of up to 49.9% of Barça Licensing&Merchandising, SL: (BML), the company that manages the stores, and up to 25% of the television rights, which will be transferred “to one or more investors”, according to the statement issued by Barcelona itself. A third source of income remains to be activated, 49% of Barça Studios, already approved by the assembly and which affects the audiovisual business, especially BarçaTV
The economic situation of the club is so critical that it cannot face any operation if it is not capitalized from the sale of any of its assets, or to use the terms of the president Joan Laporta, it does not activate any of the levers that could lead to income 200 million in the case of BLM and up to 540 million in television rights according to 2Playbook.
The point of discussion is whether it is convenient for the club to close an agreement with CVC and ally itself with the League, an agreement that could also lead to its resignation from the Superliga project, or on the contrary it is better to look for other partners, a path opened by Laporta . The signing with the British investment fund in exchange for a part of the television rights could entail a loan of around 270 million euros plus another 270 million that would compute as income and not as debt if Goldman Sachs is also involved in the operation.
The agreement with CVC will in any case need the approval of the League and of the majority of the clubs that have already signed the global agreement rejected by Barça. Although the LFP is concerned about comparative grievances, its president Javier Tebas marks the path that the Barça club should follow: “Barcelona already know what they have to do if they want to sign Lewandowski, they know they have to enter more and sell assets. I don’t know if they will sell De Jong, Pedri or Pepito Pérez”, he told Europa Press.
Laporta quickly responded to Tebas’s warning: “I would respectfully ask him to refrain from making statements about whether or not Barça can sign a player because he is harming Barcelona’s interests.” “And if the statements were made involuntarily, it is one more proof of the verbal incontinence and of this desire for prominence that the president of the League has and that I think with all due respect that it does not correspond to him”, closed the president of Barça.
The pact with the League will allow precisely 42 million euros to be allocated to lighten the salary limit and face signings already agreed upon such as Kessié and Christensen. The priority, in any case, is Lewandowski, who yesterday already expressed his desire to leave Bayern Munich when he still has one year left on his contract, while also negotiating with Azpilicueta and Marcos Alonso. It should not be forgotten that Tebas argued last summer that Barcelona would have been able to retain Messi if he had signed the collective agreement for La Liga with CVC.
The situation has changed since then with the departure of those who endorsed the Laporta board due to a legal imperative that has now disappeared and the resignation of the executives led by CEO Ferran Reverter. The directors have regained power in the club and this Tuesday they met in La Jonquera at the headquarters owned by one of the most prominent, Antonio Escudero.
The meeting also made it possible to take social measures, such as the subsidiary recovering the name of Barça Atlètic, in the middle of an economic meeting in which it was recalled that last year ended with losses of 481 million and the budget of the difficult to comply with is 765 million.