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FC Barcelona could receive a €253 million ($272 million) cash injection this summer if finally accepting the CVC deal.
Along with Real Madrid and Athletic Bilbao, the Catalans decided not to take their share of the €2.1 billion ($2.2 billion) proposal accepted by La Liga in 2022 for 8.2% of its clubs’ audiovisual rights revenue for the next 50 years.
On Friday, however, several Spanish outlets such as COPE, Mundo Deportivo, and Relevo reported that Barca notified a Madrid court of their desire to withdraw from a lawsuit brought forward by the three clubs to prove that the agreement between CVC and La Liga is illegal.
This is a major plot twist at Camp Nou viewed as an indicator that president Joan Laporta and his club might be willing to improve their fractured relationship with the Spanish top flight plus its outspoken leader Javier Tebas with whom Laporta has clashed on a number of occasions regarding several topics.
A possible sign that things might be improving between the championship and one of its biggest clubs came on Tuesday when La Liga finally approved Barca’s viability plan.
The plan lays out how the cash-strapped Catalans can sign new players and register contracts amid being warned to shed €200 million ($215 million) from the wage bill.
Despite getting the green light for the plan, though, which came too late to seal Inter Miami-bound Lionel Messi’s return, Barca are still made to live by the 40% rule which means they can only invest €4 million ($4.3 million) for every €10 million ($10.7 million) brought in or eliminated as an expense.
The overall ambition is to return to the 1:1 rule, and if the CVC deal is accepted, Barca could take a huge step in that direction.
As explained by Mundo Deportivo, doing so would see €253 million ($272 million) head Barca’s way and 70% – or just over €177 million ($190 million) – of this must be used for infrastructure, technological innovation, and digitalization which would help tremendously with the renovation of Camp Nou.
A further 15% – just under €38 million ($41 million) – has to go towards restructuring debt, and the same amount can then go on player purchases and boosting the salary cap which is badly needed heading towards 2023/2024.
Something that must be remembered is that if Barca were to finally put pen to paper with CVC, 8.2% of their audiovisual rights revenue would go towards the company for 50 years at the same time 25% is handed over to Sixth Street for the next 25 years.
This leaves Barca with 66.8% of the rights themselves for at least a quarter of a century. In another report by Mundo Deportivo this week, the upcoming total was put at €95 million ($101.5 million) thanks to Xavi Hernandez’s men winning the last edition of La Liga.
If these figures are accurate, and Barca go in with CVC, they would therefore be due €63.46 million ($68.20 million) in television money the next time it is distributed.