Fund raising: Barca sell further 24.5% stake in AV studio

Barcelona have sold a 24.5% stake in their audiovisual studio to production company Orpheus Media for 100 million euros ($102.93 million), the LaLiga club said on Friday, as they look to raise more funds to register new players.

Barcelona have sold a 24.5% stake in their audiovisual studio to production company Orpheus Media for 100 million euros ($102.93 million), the LaLiga club said on Friday, as they look to raise more funds to register new players.

The agreement comes after the club signed a deal with digital fan token firm Socios.com to sell off 25% of their stake in Barca Studios last month.

“With this investment the strategic partners in Barca Studios show confidence in the value of the project and the future of digital content in the world of sport,” the club said in a statement.

Barca have been using several mechanisms to increase their revenue in order to offset losses, reduce debt and fulfil LaLiga’s financial fair play rules.

The deals follow the club’s sale last month of a further 15% stake in their LaLiga TV rights to U.S. private equity group Sixth Street, giving Sixth Street a 25% stake.

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Barca signed Brazil winger Raphinha from Leeds United and Poland striker Robert Lewandowski from Bayern Munich following a first investment from Sixth Street when it bought 10%.

The club have also signed the likes of Jules Kounde, Franck Kessie and Andreas Christensen among others, with Spanish media reporting that more could follow.