BARCELONA sold 10 per cent of their TV rights to American investment firm Sixth Street Partners over the next 25 years.
Barca are trying to raise funds to invest in the summer transfer window for top targets, such as Bayern Munich superstar Robert Lewandowski.
Barcelona reached a TV rights deal that could help them sign Robert Lewandowski Credit: EPA According to the Daily Mail, however, the Blaugrana will still have to sell off more of the club to move freely in the transfer market.
The Catalan giants reached a €207million (£178m) deal with the San Francisco-based company and that means the club can close the financial year without losses.
That sum, though, won’t be enough to lure Lewandowski or register Andreas Christensen and Franck Kessie, who are leaving Chelsea and AC Milan respectively.
But the more funds the club raises the closer they can get to a mega deal for star players, such as Lewandowski.
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Gabriel Jesus SPOTTED wearing No.9 shirt, Lisandro Martinez UPDATE Barcelona president Joan Laporta said: “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.”
Barcelona members voted in favour of selling part of their TV rights revenue last week.
The sale is seen by LaLiga as the club moving in the right direction and there is still time for the Spanish giants to sell off further chunks of TV rights money.
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Barcelona would also need extra funds for other transfer targets, mainly Leeds star Raphinha, and outgoing players they wish to keep, such as Ousmane Dembele.
Sixth Street Co-Founder and CEO Alan Waxman said: “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 Barça as it continues to strengthen its organization and achieve its strategic objectives.”
Source: Soccer - thesun.co.uk
