BARCELONA: Barcelona have sold a further 15% stake in their La Liga TV rights for the next 25 years to US private equity group Sixth Street, the club said on Friday, with The Financial Times reporting the investment is worth more than 300 million euros ($305.64 million).

Sixth Street have now purchased 25% of Barcelona’s income from La Liga TV rights, having bought 10% for 207.5 million euros on June 30.

Barcelona signed Brazil winger Raphinha from Leeds United and Poland striker Robert Lewandowski from Bayern Munich following the first investment from Sixth Street.

“We continue to move forward on our strategy and are pleased to have completed this additional agreement with Sixth Street providing us with a meaningful increase in capital strength,” said Barcelona president Joan Laporta.

Laporta, who presided over one of Barca’s most successful periods between 2003 and 2010, said in August 2021 that the club’s debts totalled 1.35 billion euros, 673 million of which was owed to banks.

Last month, Barcelona approved the sale of a minority share of their licensing and merchandising division and the cession of up to 25% of their income from their La Liga TV rights.

Published in Dawn, July 23rd, 2022

Opinion

Editorial

Smog hazard
Updated 05 Nov, 2024

Smog hazard

The catastrophe unfolding in Lahore is a product of authorities’ repeated failure to recognise environmental impact of rapid urbanisation.
Monetary policy
05 Nov, 2024

Monetary policy

IN an aggressive move, the State Bank on Monday reduced its key policy rate by a hefty 250bps to 15pc. This is the...
Cultural power
05 Nov, 2024

Cultural power

AS vital modes of communication, art and culture have the power to overcome social and international barriers....
Disregarding CCI
Updated 04 Nov, 2024

Disregarding CCI

The failure to regularly convene CCI meetings means that the process of democratic decision-making is falling apart.
Defeating TB
04 Nov, 2024

Defeating TB

CONSIDERING the fact that Pakistan has the fifth highest burden of tuberculosis in the world as per the World Health...
Ceasefire charade
Updated 04 Nov, 2024

Ceasefire charade

The US talks of peace, while simultaneously arming and funding their Israeli allies, are doomed to fail, and are little more than a charade.