Sat. Aug 20th, 2022

Dailymail reported that Barcelona have announced the sale of 10 per cent of their TV rights over the next 25 years to American investment firm Sixth Street Partners.

The deal worth €207m (£177.5m) entails the club can close the financial year without losses.

More deals needs to be sealed as this announced deal does not make way for automatic registration of Andreas Christensen and Franck Kessie with LaLiga or will it hasten the move to sign Robert Lewandowski.

The report from Dailymail went further to state that the deal that Barcelona rejected last season between CVC and LaLiga for the cession of just under 10 per cent of TV rights over 50 years included the release of 15 per cent of the €270m (£231.4m) incoming to be used immediately on squad spending.

But deals with other partners do not have the same guarantee and they now need to negotiate with LaLiga over what percentage of this deal can be used in the same way.

The San Francisco-based Sixth Street Partners are also working with Spanish champions, Real Madrid.

Barcelona members voted in favour of selling off part of its retail arm Barcelona Licensing and Merchandising (BLM), and part of its future TV rights revenue, last week.

At the time club president Joan Laporta said the deals could raise up to €700m (£600m). 

LaLiga introduced a salary cap back in 2013 in a bid to place more control on keeping member clubs away from major debts and repayments.

The salary limit for each team – they are individually worked out every season – is calculated by subtracting squad costs (fees, wages, bonuses, pension contributions) from total income generated.

That income is calculated from TV rights, sponsorship, money earned from LaLiga, club membership fees, publicity, and selling players. 

Adapted from Dailymail.

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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