Catalan football club FC Barcelona has reportedly agreed to sell a 10% stake in its television media rights to US private equity firm Sixth Street.
The deal, reported on by local news outlet Sport, will be worth between €205-215 million and see the private equity firm own a tenth of the club’s TV rights for the next 25 years.
Barcelona members earlier this month voted to sell 10% of its broadcasting rights, after rejecting the media rights deal between LaLiga and private equity firm CVC Capital Partners.
The club’s financial situation will be improved by this sale, with it reportedly rejecting proposals from CVC, Goldman Sachs and Bank of America.
Read more: Digital TV Europe
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