FAfter a turbulent time both on and off the field last year, Barcelona were faced with a mountain of debt and decisive action was required.
Out of necessity, the club sold some of its assets, including the rights to the Camp Nou name and 25 percent of the club’s La Liga television rights for the next 25 years, to the American investment company Sixth Street.
The price paid by Sixth Street was reported to be around €667 million. However, according to a journalist Pedro Moratawho expressed concern about El Partidazo COPE, this amount could be inflated by Barcelona themselves in the amount of 150 million euros.
Barcelona said their €517 million deal with Sixth Street would generate a capital gain of €667 million. but-president Joan Laporta said in Manhattan that 667 million euros had been taken into account and that he hoped there would be no difference in interpretation with La Liga.
The difference of 150 million euros is a big amount, especially if you take into account financial fair play. For signing context Robert Lewandowski, Jules Kunde as well as raffinha cost about 120 million euros.
According to Pedro MorataSixth street helped Barcelona to facilitate the transaction. A shell company called Locksley Invest SL was allegedly set up. Barcelona sold their television rights to the company.
Sixth Street then agreed to lease the rights for 25 years from Barcelona paying an additional 150 million to gain control of the rights from year 26 onwards.
Although the move was supposed to solve their financial problems, the club’s move was blocked by La Liga with Barcelona was eventually forced to pull the second lever and sell another 25 percent in Barca Studios.