FC Barcelona, the Spanish soccer giant that couldn’t afford to re-sign Lionel Messi, just hit Wall Street with a bold $1 billion SPAC plan

FC Barcelona president Joan Laporta standing at a podium. (Credit: AFP7/Getty Images)

Spanish football club FC Barcelona has won many championships with star players like Lionel Messi—but that hasn’t been enough to avoid financial troubles. 

The club hopes to fix its money problems with four magic words: special purpose acquisition company, or a SPAC.