FC Barcelona activates the second lever

The Catalan club announced the sale of another 15% of its television rights, which will become an important economic lever

FC Barcelona confirmed a new operation with the American company “Sixth Street”, to which it has additionally transferred another 15% of its LaLiga television rights, which join the 10% agreed last June and which will return to help you in your financial situation.

“FC Barcelona announced an additional investment from Sixth Street, a leading global investment company with extensive experience in the world of sport and media, following the previously announced acquisition of 10% of the television rights of the LaLiga club,” the club said in a statement.

In this way, the entity chaired by Joan Laporta sold 25% of its television rights to this fund over the next 25 years and continues “executing its strategy to improve its financial strength and competitiveness”. Barça recalled that this transaction “executes a proposal that received majority support from the club’s members at its 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,” said Laporta.

The president pointed out that in recent weeks the club and Sixth Street have “committed and collaborated with a shared understanding” of what they seek to achieve for their “organization”, and hoped that both can “have a great long-term collaboration agreement” .

This second operation joins the one carried out on June 30 that allowed FC Barcelona to activate the first economic lever to clean up its economy, in exchange for an initial investment by the company of 207.5 million euros over the next 25 years , which allowed the club to generate a total capital gain of 267 million and be able to undertake the signings of Raphinha and Robert Lewandowski.

K. Tovar

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Source: Bolavip

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