Gadgets Africa
  • News
    Fraud: US court clears Elon Musk over 2018 Tesla tweet

    Court declares Musk not guilty over Tesla tweet

    Pinterest lays off 150 staff

    Pinterest lays off 150 staff

    12 African startups get into Lagos Techstars accelerator

    12 African startups get into Lagos Techstars accelerator

    UK’s Tech Nation shuts down after ten years

    UK’s Tech Nation shuts down after ten years

    US justice dept subpoena Tesla for self-driving cars

    US justice dept subpoena Tesla for self-driving cars

    Chinese EV giant BYD to acquire Yi’an Insurance

    Chinese EV giant BYD to acquire Yi’an Insurance

    Google launches Startup Accelerator for African women

    Google launches Startup Accelerator for African women

    What you should know about Substack’s new ‘private substack’

    What you should know about Substack’s new ‘private substack’

    Amazon adds new features to Fire TV

    Amazon launches Amazon web services in Nigeria

  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders
Gadgets Africa
No Result
View All Result

Barcelona sell 25% of Barca Studios to Socios

by Agency Report
August 1, 2022
in Apps
Reading Time: 2 mins read
Barcelona sell 25% of Barca Studios to Socios
Share on FacebookShare on TwitterShare on Telegram

Barcelona have sold 25 per cent of Barca Studios, which manages the club’s digital business and audiovisual productions, to Socios.com for 100 million euros (102.5m dollars), club president Joan Laporta said on Monday.

Club members had voted to allow the sale of 49 per cent of the shares.

“For the moment, we have sold 25 per cent to Socios.com,” Laporta said at the press conference to present Jules Kounde, bought for a reported 50m euros from Sevilla, as a Barcelona player.

Earlier this summer, the deeply indebted club sold 15 per cent of its La Liga TV revenue to the American investment fund Sixth Street in two tranches or a total of 400m euros before going on a transfer spree.

In addition to Kounde, Barcelona have bought Robert Lewandowski from Bayern Munich and Raphinha from Leeds and signed AC Milan midfielder Franck Kessie and Chelsea’s Danish central defender Andreas Christensen on free transfers.

While the deals with Sixth Street are for 25 years, the sale to the Socios.com platform is permanent.

“It’s a sale for ever,” Laporta said. “There would be a way to recover this 25 per cent but for the moment this operation means the entry of a new partner, Socios.com, which has injected 100 million euros,” he said.

Socios.com is a platform that allows clubs to increase their interaction with fans and try to make more money from it, including the use of Fan Tokens, a kind of digital asset based on blockchain and cryptocurrencies.

In its drive to raise money quickly, Barcelona has taken a 595m euro loan from investment bank Goldman Sachs and signed a sponsorship deal worth an estimated 435m euros with streaming service Spotify.

In August 2021, Laporta announced that an audit of the club’s finances showed Barca faced an estimated debt of 1.35 billion euros.

They allowed Lionel Messi to leave for Paris Saint-Germain in 2021 because they could not afford to keep the Argentine star, even on a reduced salary.

AFP

Tags: BarcelonaSocios

Related Posts

Twitter halts free access to its API Feb 9
Apps

Twitter halts free access to its API Feb 9

by Alade Abayomi Adeleke
February 3, 2023
ChatGPT records 100M users in January
Apps

ChatGPT records 100M users in January

by Alade Abayomi Adeleke
February 2, 2023
Netflix launches two features for premium users
Apps

Netflix launches two features for premium users

by Alade Abayomi Adeleke
February 2, 2023
Apps

How to take time off Instagram with Meta’s ‘break’ feature

by Joy Onuorah
January 22, 2023
Next Post
Nigeria ranks third as Africa's online scam hit 234% - Report

Nigeria ranks third as Africa's online scam hit 234% - Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Quickteller unveils new PoS device

Quickteller unveils new PoS device

April 12, 2022
Pocket Casts launches mobile clients

Pocket Casts launches mobile clients

October 22, 2022

Trending.

Why Instagram'll remove 'Shop' tab from home feed

Why Instagram’ll remove ‘Shop’ tab from home feed

January 11, 2023
Adopt safety measures on Telegram, NCC advises Nigerans

NCC returns to television with ‘Telecom Weekly

January 11, 2023
Google under fire as German watchdog probes user date usage

Google under fire as German watchdog probes user date usage

January 11, 2023
Crypto company Genesis fires 30% workforce

Crypto company Genesis fires 30% workforce

January 5, 2023
2022 Nigeria Fintech Week begins Oct 25

2022 Nigeria Fintech Week begins Oct 25

October 25, 2022
Gadgets Africa

© 2023 Gadgets Africa.

Navigate Site

  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

Share

No Result
View All Result
  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

© 2023 Gadgets Africa.

Go to mobile version