Spotify made a sponsorship deal with the Barcelona, Football club to reportedly fetch EUR 300 million. The deal includes the profits for both the party as Spotify’s name will be visible in the names of the player’s T-shirts. Spotify says to bring 300 million Euros for the Barcelona Football Club.

Highlights

Football Club Barcelona did not confirm the worth of the deal with Spotify.
Players’ T-shirts will have the name of Spotify in both men and women.
Barcelona’s player salary accounted for 103 percent.

Barcelona Club has confirmed the news of the Sponsorship Deal with Spotify on Tuesday in which it said Spotify will become our main sponsor from next season, the name of the stadium also will be rebranded as Spotify Camp Nou from July.

The name Spotify will appear on the T-shirts in the next four seasons for both men and women and on the club’s training shirts for the next three. Any information regarding the net worth of the deal has not been provided to the club but reports suggest that Spotify will help the club to fetch up to 300 million over four years.

The club was previously sponsored by the Japanese e-Commerce Company Rakuten and the deal with the club to the company started in 2017 before being renewed in 2020 until the end of the season.

 The president of the Club Joan Laporta says about the new deal with Spotify as the ‘Pioneering’ partnership with a “world-renowned organisation.”

He added “it is also a union with which we continue to take steps forward in this new era that we have started,” the president of the club said.

The club was also looking desperately for a new sponsorship company that will help the club to ease the club’s crippling debts of more than a billion Euros.

The salaries of the players accounted for 103 percent of all income at the start of the season and the club will have to shift more players in the summer, with Ousmane Dembele will leave the team with the fresh transfer when the contract will be expired.

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