After several hours of uncertainty, Barcelona subsequently made the reputable declaration that they'd reached a multi-million euro settlement with US business enterprise 'Sixth Street', for the sale of 10% of the television rights for the following 25 years.
"With this transaction, FC Barcelona generates a total capital gain of €267 million for the cutting-edge season. Sixth Street will initially invest €207.Five million and in go back will acquire 10% of the Club’s LaLiga TV rights for the subsequent 25 years," Barcelona stated in a announcement.
Barcelona president Joan Laporta commented at the deal: "We are activating monetary levers and executing on our patient, sustainable, and efficient strategy to strengthen the membership’s financial footing."
"Sixth Street is a tested supporter of football, an skilled investor across global sports activities and media, and a companion that will make a contribution considerable understanding and sources at the same time as allowing us to independently manage our operations," Laporta endured.
Therefore, have to set off an monetary lever to stabilise the club's finances and be capable of make signings inside the summer which include that of Bayern Munich's Robert Lewandowski.
