Barcelona members approve merchandising & TV rights sales

Barcelona members have approved plans to sell 49.9% of the club’s merchandising company and 25% of their TV rights.

Club officials have spoken openly about the need to raise €500m to balance the books this summer and have even recently suggested that a further €160m needs to come off the wage bill before Barcelona can even think about signing new players.

President Joan Laporta has promised to raise the vast majority of that money through significant sales of Barça Licensing & Merchandising (BLM) and a section of the club’s TV rights, even suggesting that the two deals could amount to €700m.

All business decisions must be approved by the Barcelona members, many of whom met for a general assembly on Thursday to vote for or against the sales.

First up was the BLM sale, with a significant majority voting in favour of selling 49.9% of the franchise, Laporta confirmed offers of between €200m and €300m have been received, although recent reports have suggested he is looking for more.