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.
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.
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.
FREE BETS AND SIGN UP DEALS – BEST NEW CUSTOMER OFFERS
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: The Sun
Dejounte Murray, Paolo Banchero rev up rivalry after pro-am summer game
Man Utd agree Adrien Rabiot deal but must work out terms with his MUM agent
News: Vietjet accompanies autumn festival in Tuyen Quang
On this day in history, August 8, 1975, ‘global warming’ enters scientific, political debate
Police release new images of Columbia grad student Jay Reist before attack
PINAY OFW 2021 VIRAL VIDEO SCANDAL | GRABE NAMAN TO!!
DHS pays over $455K to build ‘security fencing’ around Biden’s beach home
7-Foot-Tall Harambe Statue Stares Down Wall Street’s Charging Bull, Which Is Now Covered in Bananas
Julia Gwyneth Ostan Issue | Julia Ostan Viral Scandal Full Video | Julia Ostan Kmjs
Stocks making the biggest moves midday: Facebook, Robinhood, FedEx and more
Two Viral Videos Show Tamil Nadu Government Govt School Students Cleaning Restrooms In Uniform
Zahir Jaffer and Noor Mukaddam Latest | Iqra Latest | Viral Videos
Viral videos of University with Sajal Ali
Florida Challenging Federal Travel Mask Mandate
Viral videos – Royal Navy carrier HMS Queen Elizabeth completes visit to Liverpool
Sport21 hours ago
WWE star Charlotte Flair looks incredible as legend prepares for her return
Sport14 hours ago
KSI vs Swarmz: Date, UK start time, live stream, TV channel, PPV price
News13 hours ago
‘To me, Liz Cheney is Obi-Wan Kenobi,’ says WaPo columnist on PBS News Hour
Sport13 hours ago
Kyle Busch, Austin Cindric involved in big Michigan crash: ‘Can’t buy a break right now’
News18 hours ago
Oregon rescuers recover body of Mt. Hood climber who died after falling 200 feet in March
Lifestyle11 hours ago
Britney Spears and Sam Asghari hit back at Kevin Federline
Travel11 hours ago
News: Ascott opens over 56% more units in 1H 2022
Sport9 hours ago
Man Utd trolled by Brighton fans after Gross fires them ahead at Old Trafford