Barcelona sell 10% of La Liga TV rights to Sixth Street

Barcelona will shut the monetary 12 months in revenue after agreeing to promote 10% of their La Liga broadcasting rights to funding agency Sixth Road.

The deal has been rumoured for a while and the membership lastly confirmed the information on Thursday – the ultimate day of the monetary 12 months.

Sixth Road will initially make investments €207.5m and in return will obtain 10% of the membership’s La Liga TV rights for the subsequent 25 years.

Barça’s financial woes have been nicely documented in latest instances and this injection of money is not going to clear up all of their points – as president Joan Laporta was eager to level out.

“We’re activating financial levers and executing on our affected person, sustainable, and environment friendly technique to strengthen the membership’s monetary footing,” Laporta mentioned.

“Sixth Road is a confirmed supporter of soccer, an skilled investor throughout world sports activities and media, and a associate that may contribute vital information and assets whereas permitting us to independently handle our operations.”

Alan Waxman, Co-Founder and CEO of Sixth Road added: “We consider within the technique Joan Laporta and FC Barcelona are implementing and are proud that one of the celebrated golf equipment in soccer has chosen us to be its associate and capital options supplier.

“Our crew seems to be ahead to a long-term partnership offering our versatile capital and deep sports activities sector experience to help Barça because it continues to strengthen its group and obtain its strategic goals.”

Barcelona had been planning a significant overhaul of their squad this summer season however progress has been sluggish. Though offers for Franck Kessie and Andreas Christensen have lengthy been agreed, they’re but to verify both arrival.

As well as, Barça have an interest within the likes of Robert Lewandowski, Marcos Alonso and Cesar Azpilicueta.

This text was initially revealed on 90min as Barcelona sell 10% of La Liga TV rights to Sixth Street.

Supply: www.90min.com