Barcelona improve financial situation with domestic TV rights sale

Barcelona have sold off a further 15 per cent of their domestic TV rights to American investment firm Sixth Street, the LaLiga club have announced.

The 25-year agreement is worth a reported £272million and means Sixth Street has now acquired 25 per cent of Barca’s LaLiga TV rights after a £176million deal for 10 per cent was announced last month.

Club president Joan Laporta said: “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.

“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.”

Despite their financial situation, the Catalan club have signed Robert Lewandowski, Andreas Christensen,  Franck Kessie and Raphinha ahead of the forthcoming season.