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Barcelona Sells $103 Million Barca Studios Stake to Orpheus

A Barcelona FC flag

A Barcelona FC flag

Photographer: Pau Barrena/AFP/Getty Images
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FC Barcelona, one of Spain’s top football clubs, has reached an agreement to sell an additional 24.5% of its audiovisual content hub, Barca Studios, in a further effort to shore up its battered finances. 

Orpheus Media, a firm managed by Mediapro co-founder Jaume Roures, has agreed to pay 100 million euros ($103 million) to buy the stake in the team’s unprofitable digital content arm, Barcelona said in a statement on Friday. The divestment comes two weeks after crypto platform Socios.com bought another 24.5% for the same amount.