Barcelona on Friday announced they had sold a further 15 percent of their La Liga television rights to US investment group Sixth Street for the next 25 years.
The Catalan giants had already sold 10 percent of their league TV rights to the same group last week for 207.5 million euros ($215 million).
“In total, Sixth Street will receive 25 percent of the La Liga club’s television rights for the next 25 years,” Barca said in a statement.
The club did not say how much they had been paid for the extra 15 percent, but Spanish press reports put the amount at around 400 million euros.
The agreement will help the five-time European champions continue to make new signings for next season after the arrivals of Robert Lewandowski and Raphinha.
Barcelona have been desperately trying to raise capital after struggling financially in recent years.
Last August, Joan Laporta, who returned as Barcelona president the previous November, said an audit had uncovered total club debts of 1.35 billion euros.
The club let Lionel Messi leave last June, saying they could not afford to keep him even at a reduced salary.
World Cup News
-
FIFA World Cup
/ 1 week agoUruguay end winless run with dramatic late win over Colombia
Manuel Ugarte grabbed a dramatic last-gasp winner as Uruguay ended a five-match winless streak...
By AFP -
FIFA World Cup
/ 1 week agoArgentina fall in Paraguay, Brazil held in Venezuela
World champions Argentina suffered a 2-1 defeat to Paraguay while rivals Brazil were held...
By AFP -
FIFA World Cup
/ 1 month agoLenovo become FIFA’s World Cup ‘technology partner’
Chinese technology company Lenovo have signed a sponsorship deal with FIFA that covers the...
By AFP -
FIFA World Cup
/ 3 months agoVinicius says Spain should lose 2030 World Cup unless racism declines
Brazilian striker Vinicius Junior has called for Spain to be stripped of its 2030...
By AFP