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A new investment from a US investment firm will help Barcelona strengthen their squad

Updated  

Jul-22 14:36 first published at 14:36 PM


Barcelona has sold another 15% of their La Liga television rights to a US investment firm in order to free up funds to strengthen their hand in the transfer market. Sixth Street, which acquired 10% of Barcelona’s La Liga TV rights for the next 25 years in late June, announced a “additional investment” in the club on Friday. When Barcelona confirmed the deal, they stated that it would generate a total capital gain of €267 million (£227 million) for this season, with Sixth Street initially investing €207.5 million. The financial terms of the new agreement were not disclosed, but the club stated that “in total, Sixth Street will receive 25% of the club’s La Liga TV rights for the next 25 years.” The club has been dealing with major financial issues, with president Joan Laporta revealing last August that the debt stood at €1.35 billion and that player salaries accounted for 103 percent of total income. After finishing a distant second to Real Madrid last season and exiting the Champions League at the group stage, the club has been taking significant steps to strengthen their squad. They have signed Robert Lewandowski, Raphinha, and Pablo Torre for a total of £91.6 million, as well as Andreas Christensen and Franck Kessié on free transfers, and they are still looking for players. They are competing with Chelsea for Sevilla defender Jules Koundé, who would cost around £55 million, and hope to sign two other defenders from Chelsea, César Azpilicueta and Marcos Alonso. They’re also interested in Manchester City’s Bernardo Silva. Deferred wages are owed to Frenkie de Jong, who has been told he can join Manchester United. Quick Reference How do I sign up for breaking sports news alerts? Show Search for ‘The Guardian’ in the iOS App Store for iPhones or the Google Play Store for Android phones to download the Guardian app. Make sure you have the most recent version of the Guardian app if you already have it. Tap the yellow button at the bottom right of the Guardian app, then go to Settings (the gear icon), then Notifications. Enable sport notifications. “We continue to move forward on our strategy,” Laporta said on Friday, “and are pleased to have completed this additional agreement with Sixth Street, providing us with a meaningful increase in capital strength.” In May, Sixth Street agreed to a €360 million deal with Real Madrid to develop new businesses at the Santiago Bernabéu stadium. Barcelona agreed to a £236 million deal with Spotify in February for the title rights to the redeveloped Camp Nou as well as shirt sponsorship.

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