- Barcelona is fighting hard to raise money to pay their wages and fight falling bankrupt
- The La Liga giants have now sold a further 15% of their La Liga TV rights as a bid to raise more money
- The club had earlier sold 10% of the TV rights to Sixth Street and have now sold a total of 25%
Barcelona have activated a second ‘lever’ of their financial recovery plan, selling a further 15% stake of their La Liga television rights to Sixth Street.
The global investment company already had a 10% stake prior to this sale and will now own 25% of the rights in total for the next 25 years.
The transaction received majority support from members as Barca’s Extraordinary General Assembly last June.
“We continue to advance our strategy and are delighted to have completed this additional agreement with Sixth Street which provides us with a significant increase in our financial strength,” club president Joan Laporta said.
Barcelona president Joan Laporta has confirmed the sell of the club’s TV rights to sixth street. | PHOTO: Getty Images |
“Over the past few weeks, we and Sixth Street have engaged and collaborated with a shared understanding of what we seek to accomplish for our organisation, and we look forward to a great long-term partnership.”
“FC Barcelona is one of the world’s leading sporting organisations, and we are delighted to expand our relationship through this additional investment,” said Alan Waxman, co-founder and CEO of Sixth Street.
“Our flexibility and cross-platform expertise continue to be of value to management teams as they seek to execute highly strategic initiatives.”
The money freed up from the transaction could help Barca continue their busy transfer window, and its has been reported that discussions over a third lever were held during Sixth Street’s visit to Spain.
The Catalan giants have already signed Franck Kessie and Andreas Christensen on free transfers, as well as Robert Lewandowski and Raphinha for over £100m combined once add-ons are taken into account.
FC Barcelona latest signing, Robert Lewandowski who has joined the Catalans from Bundesliga champions Robert Lewandowski. | PHOTO: Getty Images |
They are keen to press on with further recruitment too, exploring deals for Marcos Alonso, Cesar Azpilicueta and Jules Kounde – although the latter is a primary transfer target for Chelsea.
Barca have required an influx of cash in order to boost Xavi’s squad ahead of the 2022-23 campaign.
While Franck Kessie and Andreas Christensen arrived on free transfers, Barca have spent big on Raphinha and Robert Lewandowski, with the duo arriving over the course of the last two weeks in deals worth around a combined €100million, according to reports.
Barca face rivals Real Madrid in a friendly in Las Vegas on Saturday.
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