La Liga 'approve Barcelona's latest economic lever of €180 million'
Barcelona have reached an agreement with Mexican private equity Mountain Nazca for the sale of 49 per cent of Barca Studios for €180 million, according to stunning reports.
The La Liga giants sold two 24.5 per cent stake of their media arm for €100 million to Socios and Orpheus Media last summer, as part of their 'economic levers' ploy.
Reports claims each firm paid €10 million, but they then both missed a June 2023 deadline and asked for more time to hand over €30 million separately.
This came as a huge blow to Barca, who at the time were in desperate need to balance the books in order to comply with Financial Fair Play.
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The club had counted on the payments to complete player registrations and potentially recruit new talent ahead of the transfer deadline.
However, according to Adrian Sanchez, a Mexican investment fund has agreed to buy 49 per cent of Barca Studios for €180 million, which will allow the Camp Nou outfit to register the likes of Ilkay Gundogan and also compete in the transfer market.
Gundogan, who joined Barca from Manchester City, has a clause in his contract which allows him to leave on Sunday if the administration work with La Liga hasn't been completed by then.
The German midfielder should be able to register as a Barca player following the deal in view to playing their opening game against Getafe on August 13.
Club president Joan Laporta headed the negotiations with Mountain Nazca, who presented an offer that doubled the amount from the previous deal. The proposal also includes a whopping €30 million advance, which could be used during the transfer market.
Gerard Romero states the Spanish league have approved Barca's latest economic lever, with manager Xavi still keeping tabs on Man City star Bernardo Silva as well as a sensational move for former player Neymar.
Nasir Jabbar