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Barcelona members approve sale of TV rights, merchandising


Associated Press

BARCELONA, Spain (AP) — Barcelona’s members have approved a plan to sell portions of the team’s television rights and future revenues from merchandise and licensing in hopes of injecting immediate cash into the debt-ridden Spanish club. The club says it hopes to earn 600 million euros ($631 million) from the sales. But it would not reveal potential buyers. The sales would include 49% of the company Barcelona operates to negotiate its licensing rights and merchandising and up to 25% of income from TV rights from Spanish league games for 25 years. Barcelona’s financial troubles prevented it from resigning all-time great Lionel Messi last summer.

Article Topic Follows: AP National Sports

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