Barcelona promote extra 15% of La Liga TV rights to Sixth Street

Barcelona have activated a second “lever” of their monetary restoration plan, promoting an additional 15% of their La Liga TV rights to Sixth Street.

The international funding firm already has a ten% stake and can now personal 25% of the rights in whole over the subsequent 25 years.

The transaction acquired majority help from members at Barca’s extraordinary normal assembly final June.

“We continue to evolve our strategy and are pleased to have completed this additional agreement with Sixth Street which provides us with a significant increase in our financial strength,” mentioned membership president Joan Laporta.

“Over the past few weeks, we and Sixth Street have engaged and collaborated on a shared understanding of what we want to accomplish for our organization, and we look forward to a great long-term partnership.”

“FC Barcelona is one of the world’s leading sports organizations, and we are excited to expand our relationship through this additional investment,” mentioned 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 cash freed up from the transaction may assist Barca proceed their busy switch window, and 90min understands that discussions a few third lever had been held throughout Sixth Street’s go to to Spain.

The Catalan giants have already signed Franck Kessie and Andreas Christensen on free transfers, as effectively as Robert Lewandowski and Raphinha for over £100m mixed when add-ons are taken into consideration.

They are eager to proceed with additional recruitment too, exploring offers for Marcos Alonso, Cesar Azpilicueta and Jules Konde – though the latter is a main switch goal for Chelsea.

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