FC Barcelona have announced the sale of 24.5% of Barça Studios, which oversees the team’s digital operations and audiovisual productions, to the crypto-based fan token platform Socios.com for €100 million in order to further the club’s audiovisual, blockchain, NFT and Web.3 strategies.
The decision has been carried out in accordance with the authorisation of the General Assembly of FC Barcelona Members held on October 23, 2021.
Prior to embarking on a spending spree this summer, the heavily indebted club sold to American investment fund Sixth Street 15% of their LaLiga TV earnings in two instalments for a total of €400 million.
Commenting on the sale, Joan Laporta, President of FC Barcelona, said:
“For the moment, we have sold 25 percent to Socios.com. It’s a sale for ever, there would be a way to recover this 25 per cent but for the moment this operation means the entry of a new partner, Socios.com, which has injected 100 million euros.”
Here, we present our preview and predictions for Match 10 of the 2026 IPL season,…
Indian cricketer Abhishek Sharma has been announced as a brand ambassador for Gillette India and…
Royal Challengers Bengaluru (RCB) have announced a renewal of their partnership with boAt, an Indian…
The BCCI has named United Breweries Limited brand Kingfisher Premium Packaged Drinking Water as the…
Indian cricketer Mahendra Singh Dhoni has been announced as an investor in Kuku, an Indian…
Royal Challengers Bengaluru (RCB) have teamed up with online grocery platform bigbasket for a third…