Joan Laporta, president of FC Barcelona

A MOVEMENT TO HEAL THE ECONOMY

OFFICIAL! Barça activates its 2nd economic 'lever' with 'Sixth Street'

Published:22/07/2022 - 09:19h

Updated:22/07/2022 - 14:34h

FC Barcelona has reached a formal agreement with 'Sixth Street' in exchange for the remaining 15% of the club's television rights for the next 25 years, thus following the previously announced acquisition of 10%

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Good news for the FC Barcelona. The managerial board chaired by Joan Laporta has activated officially the second 'crowbar' economic with the aim of sanear the finances of the institution. The club has closed a new operation with 'Sixth Street' by 15% remaining of the television rights during the next 25 years, following to the previously announced acquisition of 10%.

Like this it has signalled it the communiqué desvelado by the social networks of the Barça. "The FC Barcelona arrives to an agreement with 'Sixth Street' to purchase 15% additional of the rights of television that has in LaLiga", signals the entity. In principle, the company would invest near of 400 million euros after the majority approval of the partners and partners of the club in the last Extraordinary General Assembly.

By his part, the Barcelona president has done some statements before the means explaining more in detail this new bond. "We follow advancing in our strategy and are loved to have completed this additional agreement with 'Sixth Street' that provides us a significant increase of our financial solidity. In the last weeks, we and Sixth Street have engaged us and collaborated with an understanding shared of what look for to attain for our organisation, and expect to have a big agreement of collaboration on a long-term basis", aimed the mandator.

In front of this, Alan Waxman, cofounder of the company investor, also pronounced in this regard. "The FC Barcelona is one of the sportive organisations more important of the world, and are loved to expand our relation through this additional investment. Our flexibility and experience multiplataforma keep on being of value for the teams of management when they look for to execute initiatives highly strategic", concluded the executive.

With all this on the table, the club will be able to leave backwards the rule 1/3 and begin to act under the norm 1/1, what will allow to the sportive direction can work with greater solidity in matter of signings and registrations of footballers. Added to this, in the breast of the institution already works in a third and last 'crowbar' by 49.9% of 'Barça Studios', what will finish of sanear the economy of the club.

What knows on 'Sixth Street'?

With more than 57.000 million euros in active under management, 'Sixth Street' is one signs investor with capacities based in the analysis of data on a long-term basis. His proposal is to offer solutions through the 'injection' of capital in all the stages of growth of his 'partners', what has carried him to associate with the sportive organisations more important to global level. Between his 'affiliated' finds 'Legends', a company of experiences 'premium' that commissions of the exploitation of sportive enclosures, being the new Santiago Bernabéu one of his more recent projects.

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