FC Barcelona and Sixth Street reach agreement for the acquisition of an additional 15% share of the Club’s LaLiga broadcasting rights
With this new transaction FC Barcelona continues to improve its capital strength and competitiveness
FC Barcelona today announced an additional investment from Sixth Street, a strategic investment firm with significant experience in global sports and media, which follows the firm’s previously announced acquisition of 10% of the Club’s LaLiga TV rights.
With this second transaction, FC Barcelona has sold an additional 15% of the Club’s LaLiga TV rights. In total, Sixth Street will receive 25% of the Club’s LaLiga TV rights for the next 25 years.
The transaction continues the implementation of a strategy overwhelmingly supported by the Club’s members at its Extraordinary General Assembly in June.
“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 organization, and we look forward to our long-term partnership.”
“FC Barcelona is one of the world’s premier sporting organizations, 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.”
Sixth Street is a global investment firm with over $60 billion in assets under management and committed capital. The firm uses its long-term, flexible capital, data-enabled capabilities, and One Team culture to develop themes and offers solutions to companies across all stages of growth. Sixth Street’s investments have included several of the world’s leading sports organizations, and its portfolio includes Legends, a premium experiences company that works with marquee sports and live venue operation clients. For more information, visit www.sixthstreet.com, and follow us on LinkedIn, Twitter (@sixthstreetnews), and Instagram (@sixthstreetpartners).