FC Barcelona recently spent more than 100 million euros on players, yet the club is heavily in debt. Fresh money has now been brought in by the sale of further TV rights.
FC Barcelona has sold further shares of its league TV rights to the American investment group Sixth Street. The Catalans announced on Friday that they sold 15 per cent of the revenue over the next 25 years. The San Francisco-based company had already paid 207.5 million euros for 10 percent of the broadcasting rights last week.
“In total, Sixth Street will receive 25 per cent of the revenue from the league TV rights over the next 25 years,” the FCB announced. The club did not communicate what sum Barcelona would receive for the other 15 per cent. According to Spanish media reports, the amount will be around 400 million euros. In total, the FCB would have received around 600 million euros within a few days.
The proceeds should relieve the financial burden
The highly indebted clubwill get additional financial relief from the agreement. Most recently, the Spaniards had signed two strikers for more than 100 million euros in Brazilian Raphinha from Leeds United and Robert Lewandowski from German record champions Bayern Munich. Further expensive purchases are also planned, according to repeated reports – although Barca are currently only allowed to invest 25 per cent of every euro earned through transfers or investments such as those made by Sixth Street in new professionals.