Barcelona sells part of its production hub for $102M

KIFI

Published August 1, 2022 7:34 AM

BARCELONA, Spain (AP) — Barcelona has sold part of its production hub for 100 million euros to boost its finances in a bid to use its newly signed players right away. Club president Joan Laporta says the club sold a 25% stake of Barça Studios to Socios.com, a blockchain provider in the sports and entertainment business. The money should allow Barcelona to meet Spanish league financial requirements and sign the players it has acquired recently, including Robert Lewandowski, Raphinha and Jules Koundé.

Article Topic Follows: AP National Sports

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.