For the 2023-2024 season, Barcelona will play at the Olympic Stadium.
BROKE Barcelona's board of directors intends to sell a portion of the club's retail branch as well as TV rights money in order to acquire funds for a summer transfer blitz.
Members voted in favor of selling 49.9% of Barcelona Licensing and Merchandising yesterday.
In addition, the Spanish club, which is estimated to be £1 billion in debt, is giving up 25% of its television rights for the next 25 years.
There were 494 votes in favor of the extreme measures, with only 62 votes against and 13 abstentions. Barcelona is expected to receive a cash injection of between £512 million and £598 million.
The club's tight pay cap, which saw Lionel Messi sacked last summer, can now be increased from minus £123 million to plus £384 million.
As a result, Barcelona will be able to sign a number of top targets, including Bayern Munich striker Robert Lewandowski.
"Barcelona is a Formula One car with no fuel and a seized-up engine," said President Joan Laporta. We must do so since we have been losing money for years and have inherited a tough situation." I don't want to go back in time. Making a profit is critical because our competition would perceive us as weak if we continue to lose money.
"Not only them, but people in positions of authority in regulatory agencies have consistently and obsessively placed roadblocks in our way."
Barcelona will be able to finally finalise a free transfer for Chelsea centre-back Andreas Christensen thanks to the boost in immediate funds.
They also seek to sign Cesar Azpilicueta and Marcos Alonso from the Blues.
It might also bode bad news for Manchester United, who were planning to take advantage of the situation by signing Frenkie de Jong.
However, former agent Jose Maria Minguella, who worked on a number of high-profile Barcelona transfers, has warned the club that future signings must be more cautious.
"When the club flung money at Philippe Coutinho, Ousmane Dembele, and Antoine Griezmann, I warned about the horrible sporting management we've suffered," he stated.
"Right now, I'd like to stress the importance of signings. Not everyone has the ability to sign players.
"Whether you sign properly or poorly, you either succeed or fail. To sign Lewandowski now, you don't need to be intelligent, but you do when he's only 22."
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