Barcelona are expected to rely on sponsorship deals and player sales to generate much-needed income this summer, with the club in desperate need of funds in order to cut back on significant losses and effectively develop the team ahead of next season....CONTINUE READING THE FULL ARTICLE>>>
The Blaugrana have already signed a sponsorship deal with Spotify. They were also offered the chance to sign a new lucrative contract with CVC Capital, but the club seem uninterested. View pictures in App save up to 80% data.
It has forced Joan Laporta to look for alternative of income. The selling of BLM – Barça Licensing & Merchandise – is one of the methods proposed.
The board has formulated a plan to sell 49 percent of BLM to interested parties in order to raise €300 million. However, the motion had to be approved before a major portion of the shares could be auctioned off to possible buyers.
The Barcelona board members approved the sale of BLM in an assembly vote held on Thursday evening, with a vast majority of members voting in favor.
A total of 568 individuals voted in favor of the resolution, with 65 voting against. Thirteen votes were left blank.
The Spanish outfit are now authorized to sanction the sale of 49.9% of BLM in an attempt to bolster the club’s economy, thanks to the overwhelming majority.
The successful sale of BLM would provide Barcelona with a much needed financial boost.
