La Liga

Barcelona sell further 15% of La Liga TV rights to Sixth Street

Published

3 years ago

9:21 am

Barcelona sell further 15% of La Liga TV rights to Sixth Street

Barcelona have activated a second ‘lever’ of their monetary restoration plan, promoting an extra 15% stake of their La Liga tv rights to Sixth Avenue.

The worldwide funding firm already has a ten% stake and can now personal 25% of the rights in complete for the subsequent 25 years.

The transaction obtained majority help from members as Barca’s Extraordinary Common Meeting final June.

“We proceed to advance our technique and are delighted to have accomplished this extra settlement with Sixth Avenue which gives us with a big improve in our monetary power,” membership president Joan Laporta mentioned.

“Over the previous few weeks, we and Sixth Avenue have engaged and collaborated with a shared understanding of what we search to perform for our organisation, and we look ahead to an awesome long-term partnership.”

“FC Barcelona is among the world’s main sporting organisations, and we’re delighted to increase our relationship via this extra funding,” mentioned Alan Waxman, co-founder and CEO of Sixth Avenue.

“Our flexibility and cross-platform experience proceed to be of worth to administration groups as they search to execute extremely strategic initiatives.”

The cash freed up from the transaction might assist Barca proceed their busy transfer window, and 90min understands that discussions over a 3rd lever have been held throughout Sixth Avenue’s go to to Spain.

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

They’re eager to press on with additional recruitment too, exploring offers for Marcos Alonso, Cesar Azpilicueta and Jules Kounde – though the latter is a main switch goal for Chelsea.