Lionel Messi was forced to leave Camp Nou after Barcelona turned down an investment agreement with La Liga in the summer. Barcelona have now had a dramatic change of heart on the deal, which they had rejected in the summer.
Barcelona are preparing to perform a dramatic about-face and accept a financial infusion from La Liga that they had previously refused a move that resulted in Lionel Messi leaving the club in the process.
Even though they had earlier described such an offer as a “poisoned option,” they seem to be getting closer to approving a deal with investment giant CVC, which has been authorized by the Spanish league.
The Catalan club’s well-documented financial difficulties have resulted in the club being more anxious for investment in order to improve the strength of their roster.
Barcelona were eliminated from the Champions League last week, and manager Xavi Hernandez has promised that the club would be back at the top of Europe’s elite in a year. While that may seem optimistic, it puts further pressure on club president Joan Laporta to deliver.
The Blaugrana have already identified seven free agents as potential transfer targets for next season, including Adnan Januzaj, a former Manchester United attacker.
This set of circumstances has now resulted in a change of heart on the part of Barcelona regarding the CVC deal, which will inject £2.3 billion into La Liga in exchange for a 10 percent stake in the majority of its business and a 10 percent share of its revenue, with 90 percent of the money going to the clubs.
It would relieve the immediate financial troubles of the elite teams while also providing a reasonably considerable cash infusion across the league, with 70 percent of the funds allocated to infrastructure and long-term development of the clubs involved in the initiative.
In the beginning, the Catalan club turned down the investment opportunity because it would have required them to enter into a long-term commercial agreement with La Liga, which would have been at odds with their desire to become part of a future European Super League.
Despite this, they are now apparently on the verge of agreeing to the deal, which follows on from a 10-year arrangement with Goldman Sachs that would infuse £510million into the club’s bank account.
Although it is Barcelona’s change of heart on the CVC arrangement that is noteworthy, considering their rejection of the identical agreement earlier this summer resulted in the ramifications that led to Messi’s departure from the club.
The Argentine superstar departed the Camp Nou this summer because the club was unable to sign him to a new deal because they needed to considerably lower their pay budget for the next season, which prevented them from signing him.
A contract between La Liga and CVC provided Barcelona with the option to get an instant influx of cash this summer, but the club chose not to take advantage of the opportunity.
With Real Madrid, Athletic Bilbao, and Real Oviedo all declining the offer, Barcelona was one of four La Liga teams to turn down the offer.