FC Barcelona announced the sale of a 10% stake in its TV rights to private equity firm Sixth Street.
The deal could be worth up to $278 million.
Earlier this month, delegates for the La Liga club approved the cession of up to 25% of income from the rights for 25 years, as well as the sale of a 49.95% share of its licensing and merchandising division.
The deal will also include streaming rights, though it’s unclear whether the team will sell the remaining 15% of the overall broadcasting rights over the 25 years. The team expected to earn roughly $635 million from the sales.
Before the vote on June 16, reports surfaced that Bank of America was in talks with the team for the rights in a deal valued at $645 million.
FC Barcelona is the latest sports investment for the U.S.-based firm.
- Last month, Sixth Street and Legends entered a 20-year, $381 million agreement with Real Madrid for a 30% stake in future stadium revenue.
- Sixth Street acquired a majority stake in Legends, a sports experiences and services company, in 2021, which valued the company at $1.35 billion.
- Last year, Sixth Street purchased a reported 20% stake in the San Antonio Spurs.
Private Payments
Barcelona declined an offer to participate in La Liga’s $2.1 billion agreement with CVC Capital Partners, which took an 8.25% stake in the league’s media rights for 50 years.
“We want to recover this asset,” Barcelona president Joan Laporta said.
