Speculation has resurfaced around the financial future of FC Barcelona after reports emerged that Saudi Arabia’s Crown Prince Mohammed bin Salman could be preparing a €10 billion proposal to acquire the storied Spanish club.

The claim — widely attributed to Spanish media commentator François Gallardo — suggests the rumoured bid would not only cover Barcelona’s significant debts, estimated at around €2.5 billion, but potentially set a record as the largest acquisition in global sport.

The renewed attention comes against the backdrop of Barcelona’s ongoing financial challenges, which have stemmed from years of high wage commitments, extensive transfer spending and the costly Espai Barça stadium redevelopment, exacerbated by pandemic-related revenue losses.

Despite assurances from club president Joan Laporta that the club’s economic recovery remains on track, persistent debt burdens have kept external investment discussions alive, prompting speculation about transformative solutions.

However, significant obstacles immediately temper the rumour’s plausibility.

As a member-owned association, Barcelona cannot be sold in the conventional sense; major strategic decisions, including potential ownership changes, require approval by the club’s socios, its voting membership.

This governance model, enshrined in the club’s statutes and Spanish sports law, has historically insulated Barcelona from private takeovers and is widely viewed as a structural barrier to any direct acquisition by a foreign investor.

Analysts suggest that even if a Saudi-linked bid were prepared, its most realistic pathway would be through targeted investment in commercial or entertainment arms rather than an outright purchase of footballing operations, a model increasingly discussed in elite sport for unlocking capital while preserving sporting control.

This approach, which has been explored by major clubs seeking external capital without relinquishing core identity, could enable significant new funding for Barcelona without violating its collective ownership framework.

The rumour has also drawn attention to Saudi Arabia’s broader strategy of expanding its presence in elite global sports through state-linked investment vehicles, notably the Public Investment Fund’s ownership of Premier League club Newcastle United and other major commitments.

While the rumoured €10 billion figure continues to circulate on social media and in fan forums, there has been no official confirmation from Barcelona’s board or Saudi representatives, and no formal offer has been announced.

In this context, the report has been interpreted by some observers as exploratory rather than an imminent takeover bid, underscoring the ongoing debate over how Europe’s largest sporting institutions balance tradition, financial stability and the lure of vast external capital.