FC Barcelona has reached an agreement to sell an additional stake in the team’s LaLiga media rights to private equity firm Sixth Street, according to a person familiar with the matter.
Sixth Street, which agreed in June to buy 10% of the television rights for $217 million (207.5 million euros), is now buying an additional 15% for about $317 million, said the person, who asked not to be identified because the matter isn’t public.
San Francisco-based Sixth Street has $60 billion in assets under management, according to its website. The firm added to its sports holdings last year with the acquisition of a 30% ownership stake in the National Basketball Association’s San Antonio Spurs. The firm also owns the sports entertainment and events company Legends.
Read more: BNN Bloomberg
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.