Barcelona boosted by 267m investment aft
Barcelona have given themselves a major financial boost that should see their salary cap increase significantly after selling 10 per cent of
Denzel Perryman Jersey their LaLiga TV rights for the next 25 years to an investment firm.Last week, club president Joan Laporta promised to activate the levers that would ease Barcelonas financial concerns, and Thursdays announcement is the first such step.The deal sees Barcelona generate capital gains totalling 267million, with Sixth Street Partners making an initial investment of 207.5million.The investment group will subsequently receive 10 per cent of Barcas domestic TV rights revenue until 2047.Barcas need for a financial injection was urgent due to their financial year ending on June 30 their
Jim Otto Jersey accounts at the end of Thursday would have impacted thesalary cap for the upcoming season.Last year, Barcas financial woes saw their salary cap slashed by 280m to just 97m for the 2021-22 campaign to put that into context, six clubs had larger wage limits. Real Madrid were top of the pile with a cap of 739m.That was ultimately the reason they could not sign Lionel Me si to a new contract, but the capital injection on Thursday
Richie Incognito Jersey will allow Barca to end this financial year with a profit, thus ensuring a salary cap increase that should be significant.The club are also expected to sell almost 50 per cent of the Barca Licensing and Merchandising (BLM) part of the busine s, but that is now le s urgent.Speaking after the TV rights deal was announced, Laporta said: We are activating economic levers and executing on our patient, sustainable, and efficient strategy to strengthen the clubs financial footing.Sixth Street is
Josh Jacobs Hoodies Sweatshirts a proven supporter of football, an experienced investor acro s global sports and media, and a partner that will contribute significant knowledge and resources while allowing us to independently manage our operations. Barca are still yet to confirm the arrivals on free transfersof Andreas Christensen and Franck Ke sie, who have been strongly tipped to join.The club arealso keen on
DeSean Jackson Jersey signing Bayern Munich striker Robert Lewandowski, while Manchester Citys Bernardo Silva and Sevilla centre-back Jules Kounde are reportedly key targets.Thursdays news should allow the club greater room formanoeuvre in the transfer market.