This August, FC Barcelona submitted the necessary documentation to the United States Securities and Exchange Commission (SEC) to establish the headquarters of Barça Media, its content subsidiary, in the Netherlands. In the style of Ferrovial, which moved its headquarters there, making a decision that caused a stir. As has progressed The countrythe club will also have a branch in Barcelona, from which it will manage all the business of the subsidiary.
The sports club moves with the intention of accelerating its listing on the Nasdaq. If everything goes according to plan, Barça would debut on Wall Street through a SPAC and the agreement with Mountain & Co. I Acquisition Corp, a firm that is already listed on the US stock market. This operation does not imply the transfer of its operational headquarters or business. But Barça Media would become a Dutch company.
The decision comes after the Catalan football club announced a agreement with Mountain Partners, firm specialized in investments in technology companies and emerging sectors, to create a spac or investment company to get a part of the company listed on the us Stock Market, as confirmed by the EFE news agency.
The SPAC has until November 23 to close the operation, but I would be looking to extend the term, according to knowledgeable sources. The contract between Barça and Mountain & Co will be valid until August 11, 2024, although the objective is to close the operation before the end of the year.
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The agreement signed by Barça and Spac states that the Barça Media’s content business is valued at around 910 million euros and which will include Barça Vision, Barça Studios and Barça eSports, directed by Tony Cruz. The objective is to speed up the club’s initiatives in the digital sector and to be able to disseminate Barça Media content to new audiences around the world.
As stated The countrybesides, the Barça you will have to pay your affiliate for the content you produce for the club. The initial duration of the contract will be 20 years, automatically extendable for another 20, unless there is a breach due to contractual breach. The operation is pending the approval of the General Assembly of Members of FC Barcelona, scheduled for next October.