Barcelona receive cash injection as first lever activated30 June 2022
Barcelona have confirmed that they have sold 10% of the club’s TV rights to Sixth Street until 2047, in exchange for a front up cash injection of 267 million euros this season as they seek to find ways to keep the club afloat and competitive,
The first of the economic ‘levers’ as they are referred to by the club, will help the Catalan side end the season in a profit, though it is unclear just how much they will be able to reinvest into player transfers
In a club statement, they revealed that “With this operation, FC Barcelona generates a total capital gain of 267 million euros for the current season. Sixth Street will initially invest 207.5 million euros and will receive the economic benefit of 10% of the Club’s TV rights from LaLiga over the next 25 years”.
El FC Barcelona i Sixth Street arriben a un acord per a l’adquisició d’un 10% dels drets de TV del Club de LaLiga
— FC Barcelona (@FCBarcelona_cat) June 30, 2022
Meanwhile, Barcelona President Joan Laporta added “We are activating the economic levers and executing our patient, sustainable and efficient strategy to strengthen the financial base of the Club. Sixth Street strongly supports the world of football, is an experienced investor in global sports and media, and a partner that will provide significant knowledge and resources while enabling us to independently manage our operations.”
It is expected that more economic levers will be activated in the coming weeks as the club look to recover after being woefully mismanaged financially by previous Presidents.
Should they be able to afford to do so, it is expected that Raphinha would choose Barcelona over Chelsea as his next destination, though as of yet the Camp Nou side are yet to come close to matching Chelsea’s £60m bid for the Leeds United winger.
Raphinha deal, key hours ahead. 🚨🇧🇷 #Raphinha
▫️ Chelsea will have direct talk with his agent Deco today, waiting for an answer on personal terms;
▫️ Both Barcelona and Arsenal, trying until the end;
▫️ Leeds have full agreement with Chelsea, but also depends on player side. pic.twitter.com/ipt8JBo066
— Fabrizio Romano (@FabrizioRomano) June 30, 2022
With this injection of funds, moves for both the Brazilian and Robert Lewandowski could prove more realistic, though it is unclear just what Xavi will have to spend this summer with his eyes also on the likes of Jules Kounde, Cesar Azpilicueta and Marcos Alonso.
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