Spanish soccer club FC Barcelona has agreed in principle to sell a 10% stake in its television media rights to U.S. private equity firm Sixth Street for 205 million (approximately $217 million), Axios has learned from a source familiar with the deal. But deals with other partners do not have the same guarantee and they now need to negotiate with LaLiga over what percentage of this deal can be used in the same way. Our reports provide actionable insight and analysis, powered by the industrys most trusted global media rights and sponsorship deals data. Contained in the report is an explanation of why Barcelona management insists that its operating revenue for 2018/19 was 990m when the financial statements say $836m. Apart from tailored bespoke reports for clients we release market studies on key media and sponsorship properties. A digital subscription combining the best of SportBusiness specifically for academic institutions worldwide. General view inside the stadium prior to the LaLiga match between FC Barcelona and RC Celta de Vigo (Photo by Alex Caparros/Getty Images). Mediapro lost out to Telefnica for the main broadcast rights package during La Liga's domestic rights auction in May 2018 after offering 3.4 billion (US$3.8 billion), though the agency . 'We have to sell for 40m; that's the position we are in. Barcelona strike 178MILLION deal with investment group Sixth Street Partners to sell off 10% of their TV rights for the next 25 years but sale does NOT mean Xavi can splash the cash in the transfer market 10:45 GMT 08 Aug 2022. Barcelona needed capital by the end of June 30 because that represents the end of their financial year, the results of which will determine the salary cap that La Liga will allow them a month later. 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Business-critical deals data and analysis for anyone buying and selling media rights. Published: 14:47 GMT, 30 June 2022 | Updated: 15:37 GMT, 30 June 2022. This category only includes cookies that ensures basic functionalities and security features of the website. Twenty-five per cent of Barca's future TV rights income were sold to Locksley with Sixth Street paying 517m (435m) for them for the next 25 years and Barca paying 150m (126m) to buy them. Atletico Madrid have admitted needing to sell a player for 40m (34m) before July 1 in order to end the year without losses. There is still time for Barcelona to sell off further chunks of TV rights money and the BLM parcel. , updated . Together they account for nearly half of La Liga's $742 million (650 million) TV rights revenue. Telefonica and Movistar secured the league's domestic TV rights for around '1.89 billion in a 3-year deal. As things stand, the report states that Barcelona have two offers on the table for the broadcast rights. We are no longer accepting comments on this article. FC Barcelona will hold an extraordinary assembly meeting on June 16, with its members to vote on whether the club should sell a minority stake in its Bara Licensing & Merchandising subsidiary, and on the potential sale of 25 per cent of its LaLiga broadcast rights revenue. Barcelona members agreed [] Barcelona have agreed deals to sign Chelseas Andreas Christensen and AC Milans Franck Kessie on free transfers, but have been unable to register them due to their financial constraints. By Associated Press BARCELONA: Barcelona's members have approved a plan to sell portions of the team's television rights and future revenues from merchandise and licensing in hopes of. "Sixth Street will initially invest 207.5 million and in return will receive 10% of the Club's LaLiga TV rights for the next 25 years . as giants look for . We also use third-party cookies that help us analyze and understand how you use this website. Pete Jenson for MailOnline The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. That has created a shortfall in Barca's increased revenue figures. The most respected and prestigious rankings of the best sport management courses globally. This website uses cookies to improve your experience and for advertising services. ADVERT. If the club can close deals for 700m (600m) they will swing the LaLiga-imposed salary cap from 144m (123.4m) in the minus (as it stood last season) to something closer to 550m (471.2m) in the positive. The club said that members would be asked to authorise various financial moves, including the acquisition by one or more investors of a minority stake of up to 49.9 per cent in its licensing and merchandising arm. We cover the issues and the people that shape global sport every day. That gives . The Catalans announced on Friday that they sold 15 per cent of the revenue over the next 25 years. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. SportBusiness has a strict internal policy governing the collection, analysis and cleansing of data. Barcelona have confirmed a 300 million (US$306.9 million) agreement with US investment firm Sixth Street to sell an additional 15 per cent of the Spanish soccer giants' domestic TV rights. This figures are extracted from the LaLiga annual report. 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Real Madrid and Barcelona's television revenue, which helps make them the world's richest soccer clubs, will be limited under a new Spanish law. FC Barcelona has announced a return to profit for the 2021-22 financial year, with the Spanish LaLiga club stating that a figure of 98m ($98.1m) is expected to rise to 274m for the 2022-23 period. Barcelona have confirmed an agreement with Sixth Street Partners, which will see the US investment firm pay an initial 207.5 million (US$217.06 million) in return for ten per cent of the Spanish. Our service, powered by the TV Sports Markets team, is the most trusted and independent source of media rights values and deals globally in one online platform. The Telefonica deal is a significant blow to Mediapro, which still holds its contract with. Senegalese media group E-Media and RTS, the public broadcaster in the West African country, have become caught up in a dispute over ownership of exclusive rights to this years Fifa World Cup. The Telefonica deal is a significant blow to Mediapro, which still holds its contract. Sixth Street, which declined comment via a spokesperson, has been very active in the pro sports space. But so far progress has been slow closing the deals and this first sale is seen by LaLiga as the club moving in the right direction, but still falls well short of the sum of money Barcelona need to invest to be able to start bringing in new players. There are various ways in which the club plan to find the missing money. Looking at the cumulative transfer value of La Liga clubs, Barcelona had the most valuable lineup which was worth roughly 991 billion euros in April 2021. They could also sell more of the club's assets. BARCELONA, Spain (AP) Barcelona has sold a second package of its television rights to an American investment firm for an undisclosed amount as the Spanish club claws its way out of debt. The deal will generate 267 million (230. Barcelonas vice president for finance Eduard Romeu confirmed on June 9 that the Catalan club will reject the CVC deal. Barcelona members voted in favour of selling off part of its retail arm Barcelona Licensing and Merchandising (BLM), and part of its future TV rights revenue, last week. The deal will generate 267 million in income for this season's accounts, with Sixth Avenue initially investing 207.5 million towards its stake in Barcelona TV rights. Fresh money has now been brought in by the sale of further TV rights. Barcelona said . But opting out of some of these cookies may affect your browsing experience. Furthermore, in order to verify fulfilment of the provisions of Article 5.5 of the RD, in which it is established that the difference between the clubs that receive the greatest and least revenue must not be greater than 3.5 times, whenever the distribution exceeds 1.5 billion, the amounts that may be received from the Compensation Fund foreseen in . Despite that public admission they are not expected to move any players out today. Barcelona, Real Madrid, Athletic Bilbao and the Spanish FA, however, have launched a lawsuit against that deal. Necessary cookies are absolutely essential for the website to function properly. Barcelonawere so desperate to satisfy LaLiga's financial fair play rules this summer that they bought their own TV rights future revenue from themselves, and tried to declare the deal as new income. Park House, 116 Park Street, London, W1K 6AF, UK, 1001 Brickell Bay Drive, Suite 2402, Miami, FL 33131, USA, 3 Temasek Ave, Centennial Tower #18-01, Singapore 039190, For a global perspective on the business of sport. News, Insight and opinion from New York, London and Singapore. Revenue from television broadcasting. The club sold 25 per cent of future TV rights but there was a difference of opinion when it came to declaring how much money they had raised from it. The club does not want to have to mortgage its future any more than it has done and selling a big name player will mean it wont have to but persuading Frenkie de Jong, who played and scored in the friendly, to move on continues to be very difficult. Barcelona (AFP) - Barcelona on Thursday announced they had sold 10 percent of their Liga television rights for 25 years to U.S. investment group Sixth Street for 207.5 million euros ($215.5 million). In the figure above it is clear how the EPL domestic TV rights value has dropped in the new 2019-2022 cycle reaching 4.554 million, a 11% decrease in comparision to the previos one. LaLiga introduced a salary cap back in 2013 in a bid to place more control on keeping member clubs away from major debts and repayments. reserved. The teams, with combined annual sales of 1 . The industrys leading daily news, insight and opinion on the global business of sport. Osasuna vs Barcelona Spanish La Liga 2022-2023 - Rojadirecta | Futbol En Vivo There is the option to sell another 24.5 per cent of Barca studios to socios.com, which has already bought 24.5 per cent. Romeu, meanwhile, added that 500 million was needed to save Barcelona, ahead of the 2022-23 season. Barcelona president Joan Laporta has sold off 10 per cent of the club's TV rights for 25 years. Barcelona members agreed at an EGM on June 16 to sell up to 25 per cent of their La Liga TV rights to one or more investors. The market is not easy.'. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Barcelona and Real Madrid siphoned off a large percentage of the rights (combo of over 40% in 2014/15). FC Barcelona recently spent more than 100 million euros on players, yet the club is heavily in debt. Subscribe to market-leading insight, analysis and the most accurate data on media rights deals worldwide. Madrid, Jan 13 (EFE).- Real Madrid and FC Barcelona make as much revenue from TV rights as the top clubs in the Premier League despite the fact that England's top division generates more income than its Spanish counterpart, LaLiga president Javier Tebas told Efe's Sport Business Day forum Thursday. You also have the option to opt-out of these cookies. For the latest breaking news four times a day from London, New York and Singapore, sign up to our daily email newsletter to stay on top of the global business of sport. Together they account for nearly half of La Liga's $742 million (&euro650 million) TV rights revenue. FC Barcelona have given themselves a major financial boost that should see their salary cap increase significantly after selling 10 per cent of their LaLiga TV rights for the next 25 years to an investment firm. The admission about the state of the club's finances came from president Enrique Cerezo. Barcelona have sold off 10 per cent of their TV rights across the next 25 years San Francisco-based Sixth Street Partners have paid 177.5m for those rights Sixth Street Partners already. Chelsea left-back Marco Alsono will pass a medical at the start of this week ahead of joining for a fee of 8m (6.7m). Why it matters: American investors keep pushing deeper into Europe's most popular sport. Details: The agreement also applies to streaming, and it's unclear if the club is in talks to sell the remaining 15% of its TV rights that Sixth Street isn't purchasing. TV rights revenue of football teams 2020-2021; La Liga: average player salary 2020-2021, by . They are close to closing another shirt sponsorship deal with Cryptocurrency exchange, WhiteBIT, who could pay as much as 20m (17m) to appear on the sleeve of the shirts. Barcelonas deal with Sixth Street comes months after they and Real Madrid rejected La Ligas deal proposed 2.7 billion deal with CVC Capital Partners. assess their strategies and budget plans for them to base educated business decisions on. We are no longer accepting comments on this article. The earnings figure of . Sixth Street is a proven supporter of football, an experienced investor across global sports and media, and a partner that will contribute significant knowledge and resources while allowing us to independently manage our operations.. The deal that Barcelona rejected last season between CVC and LaLiga for the cession of just under 10 per cent of TV rights over 50 years included the release of 15 per cent of the 270m (231.4m) incoming to be used immediately on squad spending. Recording losses reduces the spending limits set by LaLiga although none of the aforementioned clubs expect to be given a spending limit in the minus as Barcelona were last January. Backstory: Barcelona recently agreed to sell up to 25% of its TV rights, plus nearly 50% of its merchandising business, in an effort to shore up its finances. But a measure of how difficult the process has been can be seen in the way Barcelona structured one of their asset sell-offs this summer. The investment group will subsequently receive 10 per cent of Barca's domestic TV rights revenue until 2047. FC Barcelona will hold an extraordinary assembly meeting on June 16, with its members to vote on whether the club should sell a minority stake in its Bara Licensing & Merchandising subsidiary, and on the potential sale of 25 per cent of its LaLiga broadcast rights revenue. Strategic and commercial advisory based on data-driven insight and validated market intelligence. The salary limit for each team - they are individually worked out every season - is calculated by subtracting squad costs (fees, wages, bonuses, pension contributions) from total income generated. The initial 10% was sold for 207.5 million, and while the total revenue is not revealed, one can safely assume that Sixth Street will pay Barcelona a sum upwards of 400 million. The La Liga side announced yesterday (June 30) an acquisition agreement with sports investment firm Sixth Street. First they formed a spin-off company called Locksley Invest with the US investment fund Sixth Street. Barcelona said Friday it had agreed to sell an additional 15% of income from TV rights from Spanish league games for 25 years to Sixth Street. dailymail.co.uk - Barcelona were so desperate to satisfy LaLiga's financial fair play rules this summer that they bought their own TV rights future revenue from REVEALED: Barcelona tried to buy back future TV rights income from THEMSELVES in a bid to create a 126m windfall before LaLiga rejected the inflated figures. In total, the American investment fund now owns 25% of Barcelona's TV La Liga rights for the next 25 years. Barcelona have agreed a deal to sell 10 per cent of their La Liga TV rights for the next 25 years to global investment firm Sixth Street Partners. By Barcelona were so desperate to satisfy LaLiga 's financial fair play rules this summer that they bought their own TV rights future revenue from themselves,. We assist clients in providing detailed market studies, analysis of sponsorship and media rights value, That confidence is reflected in the fact that the club continue to sign players. And there is the possibility of selling part of the club's merchandising arm Barca Licensing and Merchandising (BLM). The. The San Francisco-based Sixth Street Partners are already working with Real Madrid having signed a deal to commercially exploit the club's renovated Santiago Bernabeu stadium. I believe that in order to sign, we all need to sell. You need to have an account to access our content. That income is calculated from TV rights, sponsorship, money earned from LaLiga, club membership fees, publicity, and selling players. BARCELONA, June 16 (Reuters) - Barcelona approved on Thursday the sale of a minority share of their licensing and merchandising division and the cession of up to 25% of income from their. Barcelona boss Xavi Hernandez is keen to make multiple signings to bolster his squad. Site designed and built by Barcelona said on Friday that it has reached a 25-year agreement with Sixth Street to sell an additional 15% of the revenue from TV rights to Spanish league games. The rights were worth 165.6m in the 2020-21 season -- figures are not yet available for this past season -- so, based on those numbers, which will fluctuate, Sixth Street stand to make 41.4m . The Team Marketing agency has recruited Jake Harkins from IMGs football department in the role of media rights sales lead. Global sponsorship deal data and activation case studies for sponsorship executives. Twenty-five per cent of Barca's future TV rights income were sold to Locksley with Sixth Street paying 517m (435m) for them for the next 25 years and Barca paying 150m (126m) to buy them back in 25 years time. The chart above shows the broadcasting breakdown of LaLiga's growth from the 2014-15 season to the 2016-2017 season where revenue has grown 70,2%. TV distribution rights Description. Barcelonas dire financial situation has been well-documented, with Laporta inheriting debts in excess of 1 billion from his predecessor Josep Maria Bartomeu. La Liga prize money breakdown The difference can be explained by the financial card trick the Spanish club played. 282 million have been raised in media and TV rights revenue, but this was -14% down on the previous year, with a drop of 7 million due to Covid-19, which has been offset by an additional 25 . The investment group will subsequently receive 10 percent of Barca's domestic TV rights revenue until 2047. Those debts and the resulting wage cap imposed by La Liga saw the club unable to offer Lionel Messi a new deal last summer. The club said they hoped to make 600 million from both arrangements, in order to turn a profit and allow them to make Barca a competitive team. At the time club president Joan Laporta said the deals could raise up to 700m (600m). The latest news and insight from our London based team, The latest news and insight from our New York based team, The latest news and insight from our Singapore based team, The key themes for clubs, leagues, federations & governing bodies worldwide, Our coverage on the impact to the global sports industry, How brands and rights holders are commercialising sport, The latest from broadcasters, agencies and rights holders, The latest from European and world soccer, The latest from the NBA and world basketball, The latest from the IPL and world cricket. For MediaPro, the company also remitted '750 million for three seasons which brings it to a total of '2.70 billion (1.8 billion) for the three-year domestic rights. The club declared the total of 667m (562m) in their paperwork sent to LaLiga last week. The German football league will begin a formal sales process for a sale of an equity stake in its media rights business at the end of October, with a view to wrapping up a deal in the first quarter next. 2. Fancurve picks Real Betis for first digitally wearable club jersey, NASCAR touts viewership bump, 2023 broadcast schedule, Monumental links with TicketManager for three of its teams, Sports gaming propositions fail in California election, Loophole set to spare United Media punishment over Fiba World Cup qualifier broadcasts, New World TV embroiled in row over on-sale of World Cup rights in Senegal, Sales process for Bundesliga media rights equity stake to begin in October, Team recruits Harkins from IMGs football media rights department, Financial restructuring sees Barcelona return to profit, Register now for free or subscribe to SportBusiness.com. SportBusiness is the most trusted global intelligence service, providing unique news, analysis, The members also agreed to sell 49.9 per cent of the Barca Licensing and Merchandising (BLM) arm of the club, in order to raise capital to balance the books for the 2021-22 season. That would still be above their current wage bill set at 560m (480m) but then with a slight reduction in the wage bill they would finally be free of the 4:1 rule obliging them to spend only a quarter of revenue they bring in. ADVERTISEMENT Barcelona has agreed a deal to promote 10 per cent of La Liga TV rights for 25 years to international funding firm Sixth Avenue Companions. data, consulting and events. 10:05 GMT 08 Aug 2022 Includes a global database of 30k deals and a growing archive of sport sponsorship activation case studies. They declared 667million (562m) but LaLiga only accepted 517m (435m). . Why it matters: American investors keep pushing deeper into Europe's most popular sport. 'You know that we are subject, like all clubs, to certain financial commitments,' he said. Key issues and themes shaping the business of sport. But there is still optimism the club can begin the season with all new signings registered. This website uses cookies to improve your experience while you navigate through the website. interconnect/it. From this, Barca will make 267 million (231 million) for next season, with 207.5 million coming as an initial investment. The deal is massive for Barcelona given June 30 is the final day of the financial year for clubs, It does not mean that they can register new players, such as incoming Andreas Christensen. Global sport and European soccer sponsorship deals databases, analysis and news. In order to help register new arrivals and ease their restrictions last season, Gerard Pique, Jordi Alba and Sergio Busquets all took salary cuts to aid Barcelonas situation, with Samuel Umtiti restructuring his contract. Our one-off interactive data tool on the global popularity of sports and sport media consumption, For the latest breaking news four times a day from London, New York and Singapore, sign up to our daily email newsletter to stay on top of the global business o, For all the latest deals the moment they break, Exclusive and comprehensive media coverage. Barca's need for a financial injection was urgent due to their financial year . Barcelona approve selling 25% of TV rights and 49.9% of retail arm Bara rubber-stamped the sale of a minority share of their licensing and merchandising division and will cede 25% of income. Spanish soccer club FC Barcelona has agreed in principle to sell a 10% stake in its television media rights to U.S. private equity firm Sixth Street for 205 million (approximately $217 million), Axios has learned from a source familiar with the deal. Barcelona have announced the sale of 10 per cent of their TV rights over the next 25 years to American investment firm Sixth Street Partners - but they still need to sell off more of the club if they are to move freely in the transfer market. Barcelona sold 10% of their La Liga TV rights for the next 25 years to Sixth Street. 'We will be able to sign what we can sign. Barca brilliantly dismantled Pumas on Sunday in their final pre-season friendly of what has been an extraordinary summer. Strategic and commercial advice and reports based on data-driven insight. These cookies do not store any personal information. Both Barca and Sixth Street own 50 per cent of Locksley Invest. The investment group will subsequently receive 10 per cent of Barca's domestic TV rights revenue until 2047. But LaLiga have only accepted the517m (435m) deeming the other150m (126m) to be the club buying from themselves, in effect. Our library of reports covers everything from womens sport through to OTT. Our quarterly magazine bringing together all our features and analysis on the business of sport. Part II: LaLiga Domestic vs Overseas TV rights breakdown in million in 2015-16 and 2016-2017 season By clicking OK or continuing to use the website you are agreeing to the use of these cookies. For example, last fiscal year, Barcelona sold 10% of its media rights to the investment firm Sixth Street for $210 million, an amount included in the $1.02 billion revenue figure for 2021-22. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 2022 SBG Companies Limited or its affiliated companies, All rights Pete Jenson for MailOnline, 'Get on the half turn for f*** sake': Paul Scholes tears into Man United's midfield for only playing 'one way' in miserable defeat by Brighton as Gary Neville says his old team-mate has 'SNAPPED', Andreas Christensen misses Barcelona's final pre-season game after pulling out of their Joan Gamper Trophy win against Pumas just minutes before kick-off with a neck problem, Manchester United leave fans puzzled by posting a video of Cristiano Ronaldo being loudly BOOED by supporters inside Old Trafford before opening defeat by Brighton, Man United are working on a deal to sign Juventus star Adrien Rabiot as Erik ten Hag desperately looks to fix his midfield as club weigh up whether to keep pursuing deal for top target Frenkie de Jong.
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