FC Barcelona announced, on Friday, the sale of another 15% of its local television rights to global investment company Sixth Street, with sources telling ESPN that the deal is worth about 320 million euros.
Sources told ESPN that Barcelona hope the deal will enable them to score the summer signings of Frank Kessie, Andreas Christensen, Ravenha and Robert Lewandowski.
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Barcelona will also use the money to re-register Sergi Roberto and Ousmane Dembele in La Liga after the duo signed new contracts, while president Joan Laporta said the club will now look to bolster its defence.
Sixth Street has now bought 25% of Barcelona’s income from LaLiga TV rights over the next 25 years, having bought 10% for €207.5 million at the end of June.
The rights were worth €165.6 million in the 2020-21 season – figures aren’t available yet for last season – so, based on those numbers, which will fluctuate, Sixth Street will make €41.4 million annually from the deal.
Over the course of 25 years, that would equate to just over €1 billion over their initial investment of €527.5 million.
It continues to invest Sixth Street in the sport in recent years. The company also recently entered into a partnership with Real Madrid related to the Bernabéu operations.
They also own a 20% stake in the San Antonio Spurs and are the majority owners of Legends, in partnership with the New York Yankees and the Dallas Cowboys.
Last month’s deal with Sixth Street prevented Barcelona from ending the 2021-22 financial season with losses, but sources told ESPN that the money would not increase its transfer budget this summer.
However, club sources told ESPN earlier this month that the sale of an additional 15% of local media rights would help them tackle the overhaul of the squad requested by Xavi Hernandez this summer.
The operation will help increase the spending limit imposed by LaLiga, which is – 144 million euros – the only negative maximum in the league – but is constantly adjusted by La Liga.
Barcelona’s costs last season – which include wages and amortization payments among other items – were around 560 million euros.
If this figure is in line with LaLiga’s spending cap, Barcelona will be able to spend in a 1:1 ratio, which means that for every euro they make in transfers or wage savings, they can invest a euro.
As it stands, they are currently restricted to either 1:3 or 1:4, depending on how much they save, so they can only spend a fraction of any money they bring in by leaving the player.