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Barcelona have secured a huge windfall having agreed to sell a significant chunk of their television rights - giving them a timely financial boost for the summer transfer window.

The Catalan giants recently confirmed their decision to generate income by selling their broadcasting rights - the club’s members voting through the sale. It has not taken long for an agreement to be reached with the Spanish giants announcing that 10% of their LaLiga TV rights have been sold to global investment firm Sixth Street.

They are set to invest €207.5m (£178.1m) over the 2022/23 season, with Barcelona receiving a ‘total capital gain' of €267m (£229m). It is not yet clear what the immediate impact will be on their transfer business but it certainly complicates matters as they negotiate a host of deals including the arrival of Raphinha and sale of Frenkie de Jong.

On the sale, club president Joan Laporta 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.”

The deal will of