Barcelona saves the year by selling 10% of its TV rights to the Sixth Street fund for 205 million thumbnail

Barcelona saves the year by selling 10% of its TV rights to the Sixth Street fund for 205 million

Yes ok Joan Laporta, president of Barcelona, ​​did not run the risk of being separated from the government after the provisional suspension of article 67 of the club’s statutes – the one that forced the board of directors to resign after threading two years in losses -, in its board they had imposed save accounts for this exercise as off. And he will get it two days before the accounting close, when this Wednesday he signs the sale for some 205 million euros of 10% of the television rights to the US fund Sixth St.. The agreement will be valid for 25 years, and the Barça entity hopes to be able to market another 15% until reaching that limit of 25% allowed by the assembly of delegates.

This first episode of the massive sale of assets that Barcelona intends to achieve something like an economic resurrection is far from solving the global problem. In fact, and according to sources from the Barça club, the aspiration is to reach 700 million revenues before next July 31, which will be when LaLiga recalculates the salary limit of the clubs and that the Barça entity has still exceeded by its negative equity.

After rejecting that agreement CVC with LaLiga that a year ago cost him the exit of Leo MessiBarcelona, ​​which maintains a firm alliance with the real Madrid on fronts such as the Super League, it has also followed the path of the white club in terms of its economic partners. Because Sixth Street already has an agreement with the white club valued at around 360 million for the commercial exploitation of the Santiago Bernabéu for the next 30 years. Although the investment firm founded in 2009, which claims to control under its mantle 60,000 million, also has ties with SpotifyBarcelona’s main sponsor from this coming season.

More than 400 million for Sixth Street

They understand in Barcelona that the immediate injection of 205 million euros that they will receive is essential despite the fact that, in the long term, the Barça club has to pay the consequences. In fact, and taking into account that Barça obtains some 160 million euros per year for its television rights (16 million for Sixth Street per year), the fund will be able to obtain a minimum of 400 million in 25 years, given the perspective in the market that those same rights will increase in value. In the Barcelona directive, in any case, they maintain that they will have a repurchase option to solve that problem.

The Laporta board, in any case, hopes that during the month of July it can also sell 49% of its marketing division (Barça Licensing & Merchandising). A few weeks ago, Barcelona rejected an offer of 275 million euros for half of the business.

The economic foremen of Barcelona try to solve the mess in their accounts to be able to register new soccer players normally: now the 1/3 rule of the fairplay, that allows clubs with the limit exceeded to reinvest a third of what is obtained from transfers or savings in players who receive at least 5% of the wage bill. Meanwhile, the sports management is trying to reach an agreement with Manchester United for the sale of Frankie de Jong in exchange for some 85 million euros, a deal that the Dutchman, on vacation, must still validate.

The technician waits at the entrance door Xavi Hernandez, pending receipt of the requested additions as soon as possible. the danish centre-back Andreas Christensen and the Ivorian midfielder Frank Kessie, who end contract with Chelsea and Milan, will be the first to arrive. Bayern, meanwhile, expects to receive between 50 and 60 million euros for Robert Lewandowski, Barça’s main aspiration in this summer market. Meanwhile, the mystery of the continuity of Ousmane Dembelewhich must make a decision on its renewal before this Thursday.

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