FC Barcelona announced today the completion of the second phase of the "economic leverage" plan to get the club out of its current bad situation.
The Catalan club released a statement on Friday explaining that it had sold an additional 15% of the TV broadcasting rights, after having previously reached an agreement to sell 10%.
He stated that he was able to activate the two cranes and sell 25% of the live TV transmission to the company "Sixth Street", for the next 25 years.
"We continue to move forward with our plan and strategy and we are pleased to complete this additional agreement with Sixth Street, which adds us a lot of profit and appropriate capital, we look forward to a long-term partnership, "Laporta revealed.
Why Barcelona is doing the second economic leverage ratio
The Spanish newspaper "Sport" revealed where it published a report yesterday in which it explained the value of the amounts earned by Barcelona from the activation of the economic lever.
In its report yesterday, it explained that Barcelona initially acquired 207.5 million euros on the sale of 10% of the television rights.
The sale of the additional 15% was completed yesterday for 400 million euros.
The newspaper added that FC Barcelona was able to close the financial year of the 2021-2022 season with a financial profit after activating the two cranes and selling 25% of the TV transfer.
She said that FC Barcelona now needs 100 million euros to register new deals and will have one of two options: either activate the third economic lever or sell one of the club's players.
What is economic leverage?
Economic leverage is a strategic plan in which an investor uses either debt or part of his assets to provide the necessary capital for investment and thus be able to increase the potential return of his next investments.
This term differs from the" leverage " common across financial trading platforms and the stock exchange, as it is limited to borrowing the money necessary to invest in certain financial products aimed at increasing financial return.
That is why Barcelona applies the second formula of the economic leverage ratio
In the case of Barcelona, his plan consists of two main economic levers: the first is the sale of 49.9% of the shares of the marketing company BLM affiliated with the assets of the club and the second is the one that has just been completed, where he sold 25% of the TV broadcasting rights for the next 25 years.
It is worth noting that the president of the club, Juan Laporta, and the management have already received the approval of the members to approve that plan.
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