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Soccer-Barcelona approve selling 25% of TV rights and 49.9% of retail arm

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Reuters UK

By Fernando Kallas BARCELONA (Reuters) -Barcelona approved on Thursday the sale of a minority share of their licensing and merchandising division and the cession of up to 25% of income from their LaLiga TV rights in a bid to improve their financial situation. The club board hopes this will enable them to finish the financial year without losses and increase their spending limit. Club president Joan Laporta said they expect to sell up to 49.9% of retail operation Barcelona Licensing and Merchandising (BLM) for 200-300 million euros and a minimum of 200 million each 10% of the LaLiga TV rights f…

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