Good news! Barcelona set to get cash boost

Joan Laporta
Photo: Eric Alonso/Getty Images

It has been a turbulent past year for Barcelona, as the club has been in a tough financial situation.

Xavi has previously admitted that the club’s financial situation would determine how the club’s  summer transfer business will go.

Barcelona is expected to raise cash through Frenkie de Jong’s sale, and funds from incoming deals will be used to finance Robert Lewandowski’s deal which is top of the manager’s list.

Meanwhile, there’s good news for the club as Barca has received a major boost in improving the club’s financial situation after the board approved two measures that will provide the club with a huge cash injection.

Barcelona are under financial pressure to balance their books ahead of the deadline in the coming weeks with their financial year ending on 30 July.

According to Metro, Barcelona’s board members have voted in favour of the sale of future merchandising and television rights.

The successful vote gives club president Joan Laporta and his directors the green light to sell 49.9% of the club’s Barca Licensing and Merchandising (BLM) subsidiary and 25% of its La Liga television rights revenues over the coming years. Both were passed by huge majorities — 88% for BLM and 84% for TV revenues.

Reports suggest the moves could bring in close to £600million which will be used to offset the club’s debt – which stands at over £1billion – and improve the playing squad this summer.

This now means the club would be under less financial pressure.