A couple of investment firms have bought a stake in the holding company of Barça Vision, the blockchain project of FC Barcelona, to further the initiative.
FC Barcelona is not new to crypto. The football club has ventured across crypto and blockchain, launching several initiatives. The soccer industry has also seen multiple developments in this field recently. Now, investment firms have also lent support to Barça Vision, FC Barcelona’s blockchain project.
The club has released an announcement, sharing details of the deal. Nipa Capital BV and Libero Football Finance AG are the two investment firms that participated in the agreement. Both acquired a 29.5 stake in Barça Vision through its holding company, Bridgeburg Invest.
The investment firms infused € 120 million into the company and would be strategic partners to the project. Libero Football Finance AG has a track record of advising football clubs. It is listed in Germany.
On the other hand, NIPA Capital BV is based in the Netherlands. With this deal, FC Barcelona will take forward its project with a long-term vision.
The President of the football club, Joan Laporta, said, “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 clearly expanding reinforcing the path of digital transformation started in 2022”.
FC Barcelona partnered with a blockchain protocol earlier to launch fan tokens. Its other crypto-initiatives also include an NFT collection.