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Barcelona sells some TV rights for financial assistance

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Barcelona has sold some of its television rights for more than € 200 million to support its finances, the club said Thursday.

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FC Barcelona club President Joan Laporta pauses during a news conference in Barcelona, Spain, on Aug. 6, 2021. Spain Barcelona’s members late on Thursday approved a plan to sale part of its television rights and future revenues from merchandise and licensing in hopes of injecting an immediate 600 million euros ($631 million) into the debt-ridden Spanish club. 

FC Barcelona Club President Joan Laporta announced on August 6, 2021 in Barcelona, ​​Spain. It will be suspended at the press conference held. Members of Barcelona, ​​Spain are late Thursday, hoping to instantly inject € 600 million ($ 631 million) into debt-rich Spanish clubs, future from television rights and goods and licenses Approved a plan to sell a portion of the income.  (AP Photo / Joan Monfort, File)

The Catalan club is funded by investment company Sixth Street for € 207.5 million (215 million). Announced to invest). 10% of the club's Spanish League TV rights over the next 25 years.

Barcelona called this agreement "a major step forward in improving the club's financial resources and competitiveness."

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Lionel Messi of Argentina duels for the ball with Soomets Markus of Estonia during the international friendly match between Argentina and Estonia at Estadio El Sadar on June 05, 2022 in Pamplona, Spain. 

Lionel Messi of Argentina will play an international friendly match between Argentina and Estonia at Estadio El Sadar on June 5, 2022 in Pamplona, ​​Spain. So, I will compete with Smetz Marx of Estonia for the ball.  (Photo by Juan Manuel Serrano Arce / Getty Images)

The club will have a total capital of267 million in Barcelona due to this deal. Euro ($ 277 million)this season, which said it could generate gains.

"We are implementing a patient, sustainable and efficient strategy to revitalize our financial resources and strengthen our club's financial base," said club president Joan Laporta. Laporta says. "Sixth Street is a proven football supporter, experienced investor across global sports and media, providing important knowledge and resources while allowing us to manage our business independently. I'm a partner. "

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Lionel Messi of Argentina celebrates after scoring his team's fifth goal during the international friendly match between Argentina and Estonia at Estadio El Sadar on June 05, 2022 in Pamplona, Spain. 

Argentina's Lionel Messi was held in Estadio Elsada on June 5, 2022 in Argentina and Estonia. In Spain's Pamprona, celebrating the team's fifth goal in an international friendly match.  (Photo: Juan Manuel Serrano Arse / Getty Images)

Barcelona slowly after the struggle that led to the departure of thestar We are recovering financially. Last year's Lionel Messi.