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Barcelona in Talks to Sell TV Rights to BofA, Confidencial Says

Soccer fans watch the La Liga match between FC Barcelona and Real Sociedad in Barcelona.
Soccer fans watch the La Liga match between FC Barcelona and Real Sociedad in Barcelona.Photographer: Angel Garcia/Bloomberg

Spanish football club FC Barcelona is in talks to sell part of its television rights to Bank of America Corporation for 600 million euros ($645 million) to shore up its battered finances. 

The club was in advanced talks with private equity firm CVC Capital Partners to divest a 8% of its broadcasting rights, but decided to withdraw from those negotiation and is now analyzing BofA’s alternative proposal, news website El Confidencial reported Friday, citing people in the financial industry it doesn’t identify.