Barcelona has seen its sponsorship revenue soar by 12% in the last year, setting a new high for the club and boosting its commercial value.

According to reports from Sport, Barcelona's main sponsors have agreed to increase their support for the club by €5 million per year over the next five years. This is a significant boost for the Spanish giants, who have been struggling with financial difficulties in recent years.

The rise in sponsorship revenue comes at a crucial time for Barcelona, as the club looks to rebuild after a disappointing season in La Liga. The team finished second in the league last season, but struggled to compete with the likes of Real Madrid and Atletico Madrid.

However, the addition of these new sponsors will help to offset some of the financial losses that Barcelona has faced in recent years. The club has been hit hard by the economic crisis, which has forced it to cut costs and reduce its spending on players.

In addition to the new sponsorship deals, Barcelona has also announced plans to launch a new football academy in China, which will provide young talent with the opportunity to develop their skills and play for one of Europe's top clubs.

Overall, the news about Barcelona's sponsorship revenue is a positive development for the club. It shows that the club is still able to attract major sponsors despite its financial challenges, and could help to boost its commercial value going forward.