Barca to sell off 10% of media rights for €200m

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June 28 – Barcelona are reportedly on the verge of signing a €200 million sell off of 10% of their TV rights to US investment firm Sixth Street.

The deal is for a 25-year period and gives the investors a cut of all media revenue.

Sixth Street is not a newcomer to Spanish football having earlier this year agreed a €360 million investment in Real Madrid based around the redevelopment of the Santiago Bernabéu stadium.

Barcelona is expected to formally announce the detail of the agreement later this week.

Barcelona is in need of cash to balance its books and take pressure off the cashflowing of its €1.3 billion renovation of the stadium and its surrounding area – the Espai Barca project.

Last week Barca announced that it will relocate to the 60,700-capacity Olympic Stadium for the 2023.24 season. Barcelona president Joan Laporta said it would only be for a season and that they would be back in the Nou Camp – though with a reduced capacity while work continues – for the 2024/25 season.

The Estadi Olimpic Lluis Companys was formerly the home of Espanyol from 1997 to 2007 and hosted the Olympic Games in 1992.

The redevelopment of the Camp Nou will see capacity increased from its current 99,000 to 110,000, including the construction of a roof.

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