FC Barcelona is planning to spin-off and IPO its digital media interests into a new company on the Nasdaq exchange as part of an increasingly creative monetisation strategy.
The Spanish league club is in the initial stages of planning for this divestment, which could extract around US$200 million according to estimates.
According to Reuters, the SPAC deal involves Swiss private equity fund Mountain Partners.
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It is reported, by Reuters, that the Barca Media vehicle would be 80% retained by the football club whilst the other 20% of the business would be held by the special purpose acquisition company (SPAC) on Nasdaq.
The report suggested that the stock market transaction would value the entire Barca Media business at around US$1 billion
Source: Proactive Investors
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