Barcelona receives the necessary budget approval to sign players
Joan Laporta and the Board of Directors of Barcelona FC were given a breath of fresh air when the Assembly of Delegates approved the two proposals that were presented to them.
For a maximum of 25 years, the partners loosely authorized the sale of 49 percent of BLM and the transfer of 25 percent of LaLiga's television rights. The Board will get to work right away to find the best offers, which will be worth at least $600 million, according to Laporta.
A refusal on the part of the partners would have dealt a severe blow to the current presidents, who needed the money to balance the budget for this season and be able to go to the transfer market to incorporate players.
Club president Joan Laporta and marketing vice president Juli Guiu shed light on several financial decisions
When it came to selling his proposals and convincing the partner, Laporta was his best self. He wanted to be clear from the start that he had never considered asking them for money. "We will not ask the partners for money because you do not deserve it, and you are not responsible for the mismanagement of resources," the president stated.
Laporta encoded the club's minimum income for these two levers in those $600 million. In the club's current situation, this is critical money.
On Thursday, June 16, during the Extraordinary Assembly of FC Barcelona Delegate Members, club president Joan Laporta and marketing vice president Juli Guiu shed light on several financial decisions that the board has planned in order to put everything in perspective.
The assembly's agenda called for approval on two major issues. The first is the authorization for one or more investors to acquire a minority stake in the social capital of the business in Barça Licensing & Merchandising, S.L. (BLM).
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