Barcelona have announced that the club has sold 15 percent of their La Liga TV rights to global investment firm Sixth Street, thus raising around €300million for the club.
This now means that the club has sold TV rights up to 25 percent, having already sold ten percent of that before the latest investment.
According to ESPN, Sixth Street have now purchased 25% of Barca’s income from LaLiga television rights for the next 25 years, having bought 10% for €207.5m at the end of June.
The rights were worth €165.6m in the 2020-21 season — figures are not yet available for this past season — so, based on those numbers, which will fluctuate, Sixth Street stand to make €41.4m annually from the deal.
Club president Joan Laporta has used this medium to reverse the club’s deficit and thus create the finances to allow the club to be successful on the pitch once again.
Barcelona president Joan Laporta has said that the club is fast rebuilding itself after a successful summer market, and admitted that Barcelona is back again in the spotlight.
He said: “We are trying to make a team that’s increasingly competitive, we are progressing very well.
“I want to thank the sports department for the work they’ve done, led by Mateu Alemany and Jordi Cruyff and sporting vice-President Rafa Yuste, for this signing which has had an impact on world football.
“We are recovering our status and putting Barça back into the spotlight again. We will keep making a team that’s more competitive, in line with what we can manage to do.”