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Barcelona sells 15% of Liga TV rights to US fund

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Barcelona did not say how much they were paid for the additional 15 percent.© Twitter

Barcelona announced on Friday that they have sold 25 percent of their La Liga television rights for the next 15 years to American investment group Sixth Street. The Catalan giants last week sold 10 percent of their league TV rights to the same group for 207.5 million euros ($215 million). “In total, Sixth Street will receive 25 percent of the La Liga club’s television rights for the next 25 years,” Barca said in a statement.

The club did not say how much they were paid for the additional 15 percent, but Spanish press reports put the amount at around €400 million.

The deal will help the five-time European champions to continue making fresh signings for next season after the arrival of Robert Lewandowski and Rafinha.

Barcelona are doing their best to raise capital after struggling financially in recent years.

Last August, Joan Laporta, who returned as Barcelona president last November, said an audit had revealed club debt totaling 1.35 billion euros.

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The club let Lionel Messi go last June, saying they could not afford to keep him even for a low salary.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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