In their bid to ease the financial stress at the club, Barcelona have taken a bold step towards getting the club back to it’s stable condition. The club’s members approved two operations on Thursday evening.
Firstly, Barcelona’s board now have permission to sell 49.9% of Barcelona Licensing and Merchandising. That confirmed the value of the deal, which is still to be made, would be a minimum of €200m and that they would have an option to repurchase their stake. That motion was passed with 568 votes in favour, 65 no votes and 13 abstentions.
Secondly, a motion which allows the club to sell 25% of their income from television rights over the course of the next 25 years. The also confirmed that for each 10% they would demand a minimum of €200m, which was passed with 494 votes in favour, 62 against and 13 abstentions again.
President Joan Laporta stated sometime go that without the necessary measures put in place they may not register a new contract for Gavi. With them, he claims the club can return to operate normally, as he stated in the broadcast Assembly. That includes making signings this summer and ensuring they are once again competitive, which will have been music to the ears of fans.
Adapted from Football espana.