Barça makes the second lever official

The FC Barcelona issued a statement early Friday announcing the agreement with Sixth Street to acquire 15% of the television rights it has in LaLiga. In this way, adding the 10% that it has recently acquired in the so-called first lever, Sixth Street is made with 25% of the club’s audiovisual rights assets.

The club, unlike the first agreement with the fund in which it reported that 10% was sold for 207.5 million euros with a capital gain estimated at 267 ‘kilos’, on this occasion it does not give the figures for the sale of 15 Additional %, considered as the second lever. But MD already reported this Thursday that the new agreement with Sixth Street will have an impact with the immediate income of about 315 million euros, which will be equivalent to a capital gain in the accounts for the financial year 2022-23 of about 400 ‘kilos’.

This is the Barça statement:

FC Barcelona announces additional investment from Sixth Street, a leading global investment company with extensive experience in the world of sport and media, following the previously announced acquisition of 10% of the Club’s television rights of the league.

With this second transaction, FC Barcelona has sold an additional 15% of the LaLiga Club’s television rights. In total, Sixth Street will receive 25% of the LaLiga Club’s television rights for the next 25 years.

The transaction executes a proposal that received majority support from the Club’s members at its Extraordinary General Assembly last June.

“We continue to advance our strategy and are delighted to have completed this additional agreement with Sixth Street which provides us with a significant increase in our financial strength,” said Joan Laporta, President of FC Barcelona. “Over the past few weeks, we and Sixth Street have engaged and collaborated with a shared understanding of what we seek to accomplish for our organization, and we look forward to a great long-term partnership.”

“FC Barcelona is one of the world’s leading sporting organizations, and we are delighted to expand our relationship through this additional investment,” said Alan Waxman, co-founder and CEO of Sixth Street. “Our flexibility and cross-platform experience continue to be of value to management teams as they seek to execute highly strategic initiatives.”

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