Football News

FC Barcelona announce another sale of 24.5% of Barça Studios to Orpheus Media

Barcelona has officially announced a transaction worth €100 million ($102.9 million), in which the Spanish soccer giants would give up a 24.5% ownership in its internal Barça Studios content centre to Orpheus Media, a production business led by Catalan media billionaire Jaume Roures. The transaction follows one similar to it with Socios that was finalised last month. That agreement involved a comparable price and stake in the business, valuing Barça Studios at €400 million (US$411 million). 

The deal is the club’s fourth capital infusion through what club president Joan Laporta refers to as “economic levers” meant to strengthen Barca’s financial position and sign players who will fall within the LaLiga salary ceiling for the 2022–23 season. Barca claims that the agreement was reached with the consent of its members and was approved by the general assembly in October 2021. 

Although this monetary infusion will make it simpler for some new players to be formally available for selection, the club did not clarify that this fourth lever would allow them to register every new recruit with La Liga.

Enlightening about the deal, a club statement said:

“FC Barcelona announces the sale of 24.5% of Barça Studios to the company Orpheus Media, managed by Mr. Jaume Roures, an audiovisual production company with a long history of producing content, for €100 million. The agreement complements the one signed on 29 July with Socios.com and will help to accelerate the growth of the club’s digital, NFT and Web 3 strategy.

“The sale was conducted under authorization of the General Assembly of FC Barcelona Members last October 23. With this investment the strategic partners in Barça Studios show confidence in the value of the project and the future of digital content in the world of sport.”

Bhavya Das

My eagerness, interest and inclination towards sports has continuously been forging and fortifying my personality as a writer. My sincerity to it is strengthened by the strong foundations of my musical attribute.

Recent Posts

Premier League 2024/25: Gameweek 17 Recap

Gameweek 17 of the 2024/25 Premier League season continued to enthrall football fanatics with entertaining…

6 hours ago

F1 renews Crypto.com deal

Partnership extended to 2030 Formula One has announced a new partnership extension with Crypto.com, with…

7 hours ago

Sydney Thunders and Swyftx team up

Swyftx joins as Major Partner Big Bash League (BBL) team Sydney Thunder has announced a…

2 days ago

Spurs join forces with Netflix for Squid Game Season 2

New partnership for the launch of upcoming season English football club Tottenham Hotspur has announced…

2 days ago

VCARB signs Isack Hadjar to complete driver lineup

F1 grid complete Visa Cash App Racing Bulls (VCARB) has announced that Red Bull Academy…

2 days ago

Premier League 2024/25: Looking at the surprise packages

The Premier League is one of the most popular football leagues globally, known for its…

3 days ago