Sat. Aug 20th, 2022

Barcelona have announced the activation of their second financial lever in Joan Laporta’s term.

The club had already given out 10% of their television rights for the next 25 years in a deal with Sixth Street. And now Blaugrana have agreed to sell another 15% to the same company.

According to Sport, Barcelona will be given €400m including capital gains. This implies that the Catalan club will not benefit from 25% of their TV rights deals until 2047, as it will be managed by Sixth Street.

That deal will help to further lighten the financial load at the club. The deal will help register players in accordance to La Liga rules.

Reports also suggest that Barcelona will continue to sell assets and are also in need of a another €100m in line with La Liga rules and recruit players without those strict rules.

They need a third lever, to register their current signings or renewals. The club members approved a deal to sell up to 49.9% of Barcelona Licensing and Merchandising, although Laporta will only aim to sell 20% as it stands.

By Nwosu Chizoba David

Nwosu Chizoba David is an entertainment and football lover, promoter, analyst and writer. He aspires to make a name in the media company. He is the CEO of Soccercruz (News site, Podcast, Radio and Television). email: zobanwosu88@gmail.com, phone number: +2348063046744.

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