Barcelona sell further 15% of Liga TV rights to US fund

By : AFP

Date: 22 July 2022 12:02pm WAT

Newly-appointed FC Barcelona's Spanish coach Xavi Hernandez (R), flanked by FC Barcelona's Spanish president Joan Laporta, poses with his jersey during the presentation ceremony at the Camp Nou stadium in Barcelona on November 8, 2021. (Photo by LLUIS GENE / AFP)

Barcelona’s players celebrate the opening goal scored by Dutch forward Memphis Depay during the Spanish League football match between FC Barcelona and RCD Mallorca at the Camp Nou stadium in Barcelona on May 1, 2022. (Photo by Pau BARRENA / AFP)

Barcelona on Friday announced they had sold a further 15 percent of their La Liga television rights to US investment group Sixth Street for the next 25 years.
[AD]
The Catalan giants had already sold 10 percent of their league TV rights to the same group last week for 207.5 million euros ($215 million).

“In total, Sixth Street will receive 25 percent of the La Liga club’s television rights for the next 25 years,” Barca said in a statement.

The club did not say how much they had been paid for the extra 15 percent, but Spanish press reports put the amount at around 400 million euros.

The agreement will help the five-time European champions continue to make new signings for next season after the arrivals of Robert Lewandowski and Raphinha.

Barcelona have been desperately trying to raise capital after struggling financially in recent years.

Last August, Joan Laporta, who returned as Barcelona president the previous November, said an audit had uncovered total club debts of 1.35 billion euros.

The club let Lionel Messi leave last June, saying they could not afford to keep him even at a reduced salary.
[ad unit=2]