- Sixth Street will receive a total of 25% of FC Barcelona’s LaLiga TV rights for the next 25 years
- The initial 10% deal was announced at the end of June
- The transaction continues the implementation of a strategy supported by the club’s members at its Extraordinary General Assembly held in June
Sixth Street announced today it had reached an agreement to acquire a further 15% share of FC Barcelona’s LaLiga broadcasting rights. The additional acquisition is valued at approximately $317 million, reported Bloomberg. In June, Sixth Street, agreed to buy 10% of the television rights for $217 million.
FC Barcelona, founded in 1899, is a football club that competes in La Liga, the top professional football division of the Spanish football league system.
“FC Barcelona is one of the world’s premier sporting organisations and we are glad to be expanding our relationship through this additional investment,” said Alan Waxman, co-founder and CEO of Sixth Street. “Our flexibility and cross-platform expertise continue to be of value to management teams when seeking to execute highly strategic initiatives.”
“We continue to move forward on our strategy and are pleased to have completed this additional agreement with Sixth Street providing us with a meaningful increase in capital strength,” said Joan Laporta, president of FC Barcelona. “Over the past few weeks, we and Sixth Street have engaged and collaborated with a shared understanding of what we are seeking to achieve for our organisation, and we look forward to our long-term partnership.”