“We will move out of intensive care into a ward where we can receive more treatments, and soon leave the hospital”, said Barcelona president Joan Laporta at the beginning of the summer.
What did he mean by saying that? In other words, his plan to slowly get back to recovery was linked to a ‘levers’ solution that would report immediate cash to the institution to be able to invest in important players already this season.
To make it possible, the club activated the so-called first “lever” by selling a 10 per cent share of the club’s future TV rights to the American investment company Sixth Street for the next 25 years.
In order to have money enough to bring big names to the Camp Nou and free up their LaLiga salary limits, Laporta agreed to sell another 15 per cent of their future television rights to the same company in the second economic lever.
Barcelona piled up around €522million through TV rights sales, with Sixth Street getting 25 per cent of Barcelona’s TV income as members of LaLiga.