BlueAnorak
Well-Known Member
- Joined
- 31 Oct 2010
- Messages
- 26,234
Saw this...
Laughed.
Laughed.
Fingers crossed.Selling 25% of their TV rights over the 25 years so they can buy players today.
How is as club allowed to do that?
It's got financial disaster written all over it.
Bank loans under a different name. It's chump change to Sixth Street. Would they be really that arsed if Barca went under?1 smell a rat and cheating going on with Barcelona and something dodgy going on with them selling some TV rights
UEFA FFP should be all over them and ask for the books
https://www.bbc.co.uk/sport/football/62258788
On 16 June, Barca's members - who own the club - voted in favour of allowing president Joan Laporta to execute some exceptional measures, which have become known as economic 'levers', in order to raise a significant cash injection.
The first lever saw the club sell 10% of its domestic television rights over the next 25 years to US investment fund Sixth Street, in return for an immediate payment of around £200m - enough, in other words, to comfortably cover Barca's summer signings so far.
And on Friday the club announced that they had sold a further 15% of those rights to Sixth Street, bringing in a reported extra £300m.
There are further plans to sell 49.9% of the club's merchandising operation in the near future.
Together those levers should provide an up-front cash injection of more than £600m. So, yes, Barca now have money thanks to these new financial deals, even if they come with the long-term cost of reduced TV and merchandising revenue. And they also represent a massive gamble.