FC Barcelona also referred to as Barcelona, is a professional football club based in Barcelona, Catalonia, Spain. The renowned club competes in LaLiga, Spain’s top division of football.
An initial investment of €207.5 million ($216 million) will be made by Sixth Street in Barcelona in exchange for a 10% stake in their LaLiga broadcast rights for the next 25 years. According to the club, the sale would result in a total capital gain of €267 million ($278 million) for the current season.
The investment came at a crucial stage in the club’s history. The Blaugrana are now in debt of over $1.5 billion and require funds to make new signings for the 2022/2023 season, with top targets including the Bayern Munich striker, Robert Lewandowski and Leeds United winger Raphinha.
It also indicates that the club is unlikely to accept LaLiga’s CVC proposal, which was also rejected by the club’s traditional rivals Real Madrid last year, in the same summer that Lionel Messi left for Paris Saint-Germain (PSG) as a free agent.
Joan Laporta, President of FC Barcelona said, “We are activating the economic levers and executing our patient, sustainable and efficient strategy to strengthen the Club’s financial base.
“Sixth Street is a strong supporter of football, is an experienced sports and global media investor, and as a partner will bring significant knowledge and resources while allowing us to independently manage our operations.”
Alan Waxman, who is the Co-founder and Director of Sixth Street said, “We believe in the strategy that Joan Laporta and FC Barcelona are implementing and are proud that one of the most successful clubs in football has chosen us to be their partner and provider of capital solutions.
“Our team looks forward to creating a long-term partnership by providing our flexible capital and extensive experience in the sports sector to support Barca as it continues to strengthen its organization and achieve its strategic goals.“