June 30, (THEWILL) – Barcelona has the signing of a fresh investment deal with Sixth Street, a renowned international investment company with extensive expertise in the sports market in exchange for 10% of the Club’s LaLiga TV rights over the following 25 years.
This will be a “significant advancement in the club’s financial resources and competitive standing,” according to the statement from the Catalan side which gets a €267 million capital gain from this deal for the current year as Sixth Street will provide a €207.5 million initial investment over the 25-year period.
The overwhelming approval of the deal by the Club’s members in its most recent Extraordinary General Assembly, paved the way for the deal to go into effect. President Joan Laporta said of the investment: “We are activating economic levers and executing on our patient, sustainable, and efficient strategy to strengthen the club’s financial footing. Sixth Street is a proven supporter of football, an experienced investor across global sports and media, and a partner that will contribute significant knowledge and resources while allowing us to independently manage our operations.”
Alan Waxman, Co-Founder and CEO of Sixth Street also noted: “We believe in the strategy Joan Laporta and FC Barcelona are implementing and are proud that one of the most celebrated clubs in football has chosen us to be its partner and capital solutions provider. Our team looks forward to a long-term partnership providing our flexible capital and deep sports sector expertise to support Barca as it continues to strengthen its organisation and achieve its strategic objectives.”
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
