Barcelona have sold off a further 15 per cent of the club’s LaLiga broadcasting rights to Sixth Street, a global investment firm.
In June, Barca confirmed that 10 percent of its television rights had been sold to Sixth Street, and the company has now increased its investment in the club.
Sixth Street will now receive 25 per cent of the club’s TV rights for the next 25 years as Barca aim to calm their financial woes.
Barca president Joan Laporta’s statement read: “We continue to progress our strategy and are delighted to have completed this additional agreement with Sixth Street, which has provided us with a meaningful increase in capital strength.
“Over the past few weeks, we and Sixth Street have engaged and worked together with a shared understanding of what we want to achieve for our organization, and we look forward to our long-term partnership.”
Alan Waxman, co-founder of Sixth Street and CEO of the organization, said: “FC Barcelona is one of the world’s leading sports organizations and we are delighted to be expanding our relationship with this additional investment.
“Our flexibility and cross-platform experience continue to be valuable to management teams in executing highly strategic initiatives.”
Barca have demanded an influx of cash to bolster Xavi’s squad ahead of the 2022-23 campaign.
While Franck Kessie and Andreas Christensen arrived on free transfers, Barca have spent big on Raphinha and Robert Lewandowski, with the duo arriving in deals worth around €100m over the past two weeks, according to reports.
Barca will face Real Madrid in a friendly in Las Vegas on Saturday.