Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Leeds Live
Leeds Live
Sport
Danny Bloomer

Barcelona secure major cash injection as Leeds United brace for next Raphinha twist

Barcelona are set to receive a major cash injection after agreeing a deal with global investment firm Sixth Street for the sale of 10% of the Club’s LaLiga TV rights for the next 25 years. The Spanish giants will receive a total cash injection of €267 million over the course of the upcoming season by the American company, who will initially invest €207.5 million.

This could have major implications in their pursuit of Raphinha, who is one of their top targets this summer. Their financial woes have so proved to be a major barrier between themselves and a deal for the Leeds United star, with Chelsea having jumped to the front of the queue after agreeing a fee on Tuesday.

The Camp Nou has remained Raphinha’s favoured destination throughout the saga, though, and this investment could prove significant as they look to match Chelsea’s fee. Speaking to fcbarcelona.com, President Joan Laporta believes this will significantly ‘strengthen the club’s financial footing’ after a turbulent summer so far.

READ MORE: New mural will celebrate 50th anniversary of Leeds United's 1972 FA Cup triumph

He said: “We are activating economic levers and executing on our patient, sustainable, and efficient strategy to strengthen the club’s financial footing. 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.”

Alan Waxman, Co-Founder and CEO of Sixth Street is looking forward to helping Barcelona achieve its goals by providing them with some financial stability. He said: “We believe in the strategy Joan Laporta and FC Barcelona are implementing and are proud that one of the most celebrated clubs in football has chosen us to be its partner and capital solutions provider.

“Our team looks forward to a long-term partnership providing our flexible capital and deep sports sector expertise to support Barça as it continues to strengthen its organization and achieve its strategic objectives.”

The Catalan side have also been linked with a move for Bayern Munich striker Robert Lewandowski this summer.

NOW READ:

Go here for all the latest Leeds United news

Leeds United transfer news LIVE: Spain international link lingers, Chelsea confident on Raphinha deal, Mohamed Camara latest

Kalvin Phillips told he'll go straight into Man City midfield with Leeds United's £42m fee 'right'

Unfazed Rodri-type wired to win - Man City insider on Leeds United's Darko Gyabi target

Venables, Ferdinand protests and Hernandez - inside Leeds United's last two trips to Australia

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.