Highest Spending Promoted Teams In The Europe's Top Five Leagues
This season, Nottingham Forest was promoted to the Premier League. They have been working hard to improve the depth of their team in preparation for the forthcoming season. Nottingham has already spent 81.8 million Euros on new players. With this outlay, they were the eighth promoted team in Europe's top five leagues with the greatest transfer window spending.
Jesse Lingard is Nottingham Forest's most recent signing. The England forward signed a one-year contract with the freshly promoted Premier League side. They also paid 20.5 million Euros for Taiwo Awoniyi's services. In addition, they signed Moussa Niakhate ahead of the 2022/23 Premier League season. This demonstrates that they are willing to go to any length to remain in the English top flight.AS Monaco, on the other hand, is the highest-spending promoted team in Europe's top five leagues. The French team spent 160.7 million Euros on new players in the 2013/14 season. They progressed to become one of the top teams in the French league. Aston Villa, on the other hand, is rated second on the list after spending 159.5 million Euros in the 2019/20 season. Furthermore, Fulham finished third after spending 116.5 million Euros in the 2018/19 season. Aside from Fulham, Monaco, and Aston Villa, other promoted teams spent more than 100 million Euros. The teams in question are Wolves and Leeds United.Juventus, Sheffield United, Watford, and Leipzig are among the other teams on the list of the top 10 highest spending promoted teams in Europe's top five leagues. Despite this massive investment, these teams have managed to remain in the top division to this day. Where do you think Nottingham will finish in the Premier League table in 2022/23?
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FC Barcelona and Sixth Street reach agreement for the acquisition of an additional 15% share of the Club’s LaLiga broadcasting rights
Sixth Street, a strategic investment business with substantial experience in global sports and media, made an additional investment in FC Barcelona today, after the firm's previously disclosed acquisition of 10% of the Club's LaLiga TV rights.
FC Barcelona has sold an additional 15% of its LaLiga TV rights in its second transaction. Sixth Street will earn 25% of the Club's LaLiga TV rights for the following 25 years in total.
The acquisition advances a plan that was overwhelmingly accepted by the Club's members at its Extraordinary General Assembly in June.
"We are moving forward with our goal and are glad to have finalized this additional agreement with Sixth Street, which provides us with a considerable increase in capital strength," said Joan Laporta, CEO of Sixth Street.FC Barcelona has sold an additional 15% of its LaLiga TV rights in its second transaction. Sixth Street will earn 25% of the Club's LaLiga TV rights for the following 25 years in total.
The acquisition advances a plan that was overwhelmingly accepted by the Club's members at its Extraordinary General Assembly in June.
"We are thrilled to have signed this further agreement with Sixth Street, which provides us with a considerable improvement in capital strength," stated Joan Laporta, President of FC Barcelona."Over the past few weeks, we and Sixth Street have engaged and collaborated with a shared understanding of what we are attempting to achieve for our organization, and we look forward to our long-term cooperation.""FC Barcelona is one of the world's best athletic organizations," said Alan Waxman, Co-Founder and CEO of Sixth Street. "When it comes to executing highly strategic objectives, management teams continue to respect our flexibility and cross-platform competence."
Near Sixth Street
Sixth Street is a global investment firm that manages and commits over $60 billion in assets. The firm develops themes and offers solutions to organizations at all phases of growth by leveraging its long-term, flexible funding, data-enabled capabilities, and One Team mentality.Sixth Street's portfolio includes Legends, a premium experiences company that works with marquee sports and live venue operation customers.
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