Barcelona directors very concerned about the club’s ability to meet the budget – report

Barcelona’s plan for the summer revolves around the financial situation of the time. With a managerial change incoming, the club will need room to bring in new players for critical positions but it will all depend on the financial situation at the time.

Currently, Barcelona’s economic status is not much better than when previously evaluated. Joan Laporta’s plan for the summer revolves around the sale of a certain entity called Barça Vision which deals with the club’s NFT, Metaverse, and Web3 related assets, along with Barça Studios.

However, it has not come to fruition despite months of work.

Deeper in the abyss

As revealed by SPORT, the latest status of Barcelona’s deal to rope in funds arrived at the club’s meeting held on Thursday.

After all, there is worry among the board of directors over meeting the budget and obtaining the remaining funds from Barça Studios.

In August 2022, Barcelona sold 49% of the club’s content production entity to Orpheus and Socies.com for a sum of €200 million.

Last year, they announced that Libero had arrived as a new investor, purchasing 29.5% for €120 million without affecting Barcelona’s 51% stake in the institute.

Laporta has some important issues to deal with. (Photo by PAU BARRENA/AFP via Getty Images)

That sum, however, never arrived forcing Barcelona to look for new investors. The club’s desperation saw them reach an agreement with an investment specialist Mountain&Co to list Barça Vision (commercially called Bridgeburg Invest) on the Nasdaq of New York.

Despite months of trying to find an investor, the Catalans have found no luck on that front, now leaving them stranded without a backup plan.

What next?

Joan Laporta’s economic levers have always been centred around selling the future income of the club for present-day gains.

While largely touted to be revolutionary, the fact of the matter is that the solution is not sustainable.

Looking ahead to the summer, Laporta will hope that he can…

Source link : https://barcauniversal.com/barcelona-directors-very-concerned-about-the-clubs-ability-to-meet-the-budget-report/

Author : Adithya Eshwarla

Publish date : 2024-03-02 09:52:28

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