(Finance) – The football club FC Barcelona has stipulated a business combination agreement with Mountain & Co. I Acquisition Corp, a Nasdaq-listed SPAC focused on the European digital media and technology sector. FC Barcelona will combine its Barca Vision digital units and audiovisual content under the brand “Medium boat“, which will then be listed on Wall Street with the aim of accessing additional funding through the US capital markets, accelerating the club’s initiatives in the digital and audiovisual sectors, and strengthening its ability to distribute Barca Media’s content to new audiences in strategic markets around the world.
FC Barcelona expects Barca Media to become a significant source of income for the club, a pro forma enterprise value of approximately $1 billion (approximately 910 million euros), reads a note.
“In recent years, we have made significant progress in the digital ecosystem by transforming our resources into a creative hub that takes the FC Barcelona brand to levels that are unique in the world,” commented the President Joan Laporta – The club’s content strategy has proven successful and delivers new ways to connect with our fans globally as well as generate new revenue streams. This step we are taking now is a strategic move that provides us with new resources to continue growing at a time when the demand for digital sports content is booming, reinforcing the digital transformation journey started in 2022.”
Simultaneously, FC Barcelona announced that FREE football finance and private investors advised by NIPA Capital have become new partners of Bridgeburg Invest, the holding company of Barca Vision. The investors have acquired a total of 29.5% of the ownership of Barca Vision (Bridgeburg) for 120 million euros corresponding to part of the stake held by Socios.com and Orpheus Media. Barça Vision is the Club’s initiative to integrate all digital content around Web3 and blockchain, including NFT and metaverse, which are part of the club’s strategy to build the digital Espai Barca
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