FC Barcelona Wins Boost to Squad Spending Cap After Asset Sales [Business News Network (BNN) (Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Business News Network
LaLiga has set a new limit for how much the club can spend on its group of players of 656 million euros ($659 million), Javier Gomez, the competition's director general, said at a news conference in Madrid on Friday. That's a big step up from the previous cap applied earlier this year, when Barcelona was the only club in Spain's top league to have its spending limit set at below zero. LaLiga slapped the restriction on the iconic club after it ran up debts and future liabilities of 1.35 billion euros as costs on buying and paying star players soared while ticket and merchandising revenues ran dry during the pandemic. Under those spending limits, the Catalan club could only invest 25% of what it saved from shifting a player off its current wage bill, severely limiting its ability to pay for new signings. The situation prompted Barcelona President Joan Laporta to sell off chunks of the club's assets to raise funds to patch up its finances. Barcelona sold 25% of its media rights
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News
- Spotify CEO says layoffs brought 'more' disruption than expected but were 'right strategic decision' [FOX Business Network]FOX Business Network
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Guggenheim from $290.00 to $350.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at HSBC Holdings plc from $310.00 to $355.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Bank of America Co. from $315.00 to $370.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Barclays PLC from $335.00 to $350.00. They now have an "overweight" rating on the stock.MarketBeat
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/24/24 - Form 144
- SPOT's page on the SEC website