Real Madrid, Barcelona propose alternative to CVC investment in LaLiga

📆 12/3/2021 5:47 AM
📰 ChannelNewsAsia

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

MADRID : Top Spanish football clubs Real Madrid and Barcelona have proposed a 2 billion euro (US$2.26 billion) bank credit to finance the country's top soccer league in a bid to derail an approved cash injection offered by private equity fund CVC.The CVC deal is due to receive final approval on Dec. 10 an

MADRID : Top Spanish football clubs Real Madrid and Barcelona have proposed a 2 billion euro bank credit to finance the country's top soccer league in a bid to derail an approved cash injection offered by private equity fund CVC.

The alternative proposal from Spain's two largest clubs together with smaller Athletic Bilbao would see JPMorgan, Bank of America and HSBC jointly lend 2 billion euros in exchange for an fixed annual payment of 115 million euros for 25 years, a document seen by Reuters showed, confirming a report by the Financial Times.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KKR taps Temasek exec to head Asia-Pacific equity investment strategyKKR & Co Inc on Thursday appointed Mukul Chawla, a managing director at Singapore state investor Temasek, to lead the U.S. private equity firm's investment strategy into emerging, high-growth companies in the Asia-Pacific.In his newly created role as head of Growth Equity in Asia Pacific, Chawla will anch
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »