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Barcelona announced this Thursday shortly after noon that it has reached an agreement with “Sixth Street” for the sale of 10% of the television rights.
According to the official statement, based on this cooperation, Barcelona will collect a total capital gain of 267 million euros for this season. “Sixth Street” will initially invest 207.5 million euros and will receive the economic benefit of 10% of the club’s television rights from LaLiga for the next 25 years.
“We are activating economic leverage and implementing our patient, sustainable and efficient strategy to strengthen the club’s financial base,” said Joan Laporta, president of Barcelona. “Sixth Street is a strong supporter of football, is an experienced investor in sports and global media, and as a partner will bring important knowledge and resources, allowing us to independently manage our operations.”
“We believe in the strategy that Joan Laporta and Barcelona are implementing and we are proud that one of the most successful clubs in football has chosen us to be their partner and provider of capital solutions,” said Alan Waxman, co-founder and delegated administrator. and Sixth Street.
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