FDue to a turbulent time on and off the pitch last year, barcelona Were facing a mountain of debt and needed drastic action.
Out of necessity, the club sold parts of many of its properties, including the naming rights to Camp Nou and 25 percent of the club’s LaLiga TV rights for the next 25 years, to American investment firm Sixth Street.
The price paid by Sixth Street was said to be around 667 million euros. However, according to the journalist Pedro MorataThose who expressed their concerns over COPE’s El Partidazo, that amount could have been increased by barcelona himself to the tune of 150 million euros.
barcelona said that their 517 million euro deal with Sixth Street would result in a capital gain of 667 million euros. but-president Joan Laporta Manhattan said 66.7 million euros had been accounted for and he hoped there was no difference in LaLiga’s interpretation.
The €150 million difference is a huge amount, especially when financial fair play is considered. For reference, the signature of Robert Lewandowski, Jules Conde And rafinha costing about 120 million euros.
According to Pedro MorataSixth Street helped barcelona To facilitate the transaction. A shell company named Loxley Invest SL was allegedly set up, and barcelona sold its television rights to the company.
Sixth Street agreed to lease the rights for a period of 25 years barcelona Paying an additional 150 million to take control of the rights from the 26th year.
While the move was supposed to resolve their financial issues, the club’s move was halted by LaLiga. barcelona Eventually a second lever was pulled and Barca were forced to sell another 25 percent to the studio.