Barcelona To Receive €100M Cash Injection That Will Enable New Signings And Contract Renewals
- Barcelona Set For €100M Cash Injection That Will Enable Player Registration.
In a major boost, Barcelona are poised to receive a cash injection of €100 million which will enable them to register all the new signings and the contract renewals of first-team stars.
This claim comes from Ferran Correas of SPORT, who reports that the investment is likely to be coming in from Qatar and an announcement about the same will be made tomorrow.
Barcelona had encountered a problem in their bid to register their new signings and the new contracts of certain players due to some payment delays.
The Catalans had sold a 24.5% share of Barça Studios to Socios.com and Orpheus Media each last year for €100 million.
As per the agreement, Barça received €10 million from both companies last year with the rest of the payment to be made in three instalments of €30 million each.
The La Liga champions were supposed to receive this year’s €60 million payments in July, but both companies postponed it to a later date. It prompted La Liga to block the registrations of contracts and new signings due to the funds not arriving.
Barcelona to receive €100 million from Qatari investors
But, as per the latest developments, Barcelona will be rid of their registration issues as they are set to receive a €100 million revenue boost from Qatar.
The agreement was approved at a board meeting held on Tuesday in LA and will be announced on Thursday, following which Barça will be able to register their new players as well as the ones with new contracts.
It would mean that Ilkay Gundogan, Oriol Romeu, and Inigo Martinez will all be registered, along with Sergi Roberto, Inaki Pena, Marcos Alonso, and Ronald Araujo, who all have signed new contracts.
It should also enable the Catalans to register the contracts of Lamine Yamal and Alejandro Balde, once they sign their new deals.
The deal was forged when club president Joan Laporta had travelled to Qatar a few weeks ago where he held meetings with several potential investors.
Soon after, reports had emerged claiming that Barcelona had received a big-money proposal to allow a club from the Qatari League to use their name.
The report adds that as per the terms agreed, once the investors recover the €100 million that will be pumped in, profits from the deal will be shared equally between the two parties.