The voting members of the highly neglected Spanish football top club FC Barcelona have agreed with a large majority to the sponsorship agreement with Spotify.
625 would have voted in the online meeting with yes and 49 abstentions, the club announced.
The Board of Directors of the club had already closed the contract with the Swedish music streaming market leader in the middle of March. Nothing was communicated to the financial side of the sponsorship contract, one has agreed confidentiality.
The newspaper "Mundo Deportivo" estimated the total scope of the package to 435 million euros, which should flow into the barça cash register by 2034.
Barça President Joan Laporta referred the contract as "the best the club has ever completed and one of the best worldwide". As part of this cooperation, the stadium of the Catalans in Barcelona will bear the name "Spotify Camp Nou" in the next twelve years.
The men's and women's teams of Barça are also exercising from the nearest season and initially until the summer of 2026 with the lettering of the Swedish company on their clothes and complete matches.
The agreement comes at the right time. The financially and Spanish footbally club has debt in the amount of 1.35 billion euros. On Thursday Barça is guests to the quarterfinal first leg of the Europa League at Eintracht Frankfurt.
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