Spanish football club giants Barcelona are now slowly moving to put behind their financial crisis. They have now set a crucial deal by selling 10% shares of their La Liga TV rights for more than €200 million.
Barcelona are currently going through a major financial crisis. It already forced them to leave their legendary footballer Lionel Messi the last summer. The club is still struggling in the ongoing summer transfer window due to a financial crisis as they are failing to put strong bids for the top football talents.
Sixth Street is investing €207.5 million in Barcelona
Now, Barcelona have officially announced their major step forward for their great future as a big investment is set to strengthen their financial status. A leading global investment firm, Sixth Street is investing €207.5 million in the club in return for 10% of the club’s La Liga TV rights for the next 25 years.
The club has also confirmed that this step has been finalised after the club’s members provided overwhelming support on this matter in the recent Extraordinary General Assembly.
In the same official statement, the club has also announced a total capital gain of €267 million for the current season.
Sixth Street recently signed a long-term deal with Real Madrid
Barcelona’s arch-rivals Real Madrid also recently signed a high-valued long-term contract with Sixth Street and Legends regarding the redeveloping Santiago Bernabeu Stadium. They have officially set a long-term deal for €360million.
Sixth Street will now have the right to participate in the operation of certain new businesses of the Santiago Bernabeu stadium for twenty years.
Barcelona’s financial revival
Coming back to FC Barcelona’s financial condition, the club can stop their talented players’ outgoing as well as restarting of incoming the other talented players by improving their financial conditions.
The five-time UEFA Champions League-winning world popular club Barcelona is currently busy selling some parts of their crucial rights. It is massively helping them to move on from the current financial crisis.
