Real Madrid signed the extension of the financing of the works not initially included in the Santiago Bernabéu stadium remodelling project through a new loan for a total amount of 225 million euros, with a term of 27 years and a fixed interest rate of 1.53%. These conditions are the best ever obtained for […]
Football Australia terminates A-League & Westfield W-League licence
Football Australia and Australian Professional Leagues (APL) have announced the immediate termination of the A-League and Westfield W-League licence held by Newcastle Jets Club Pty Limited (ACN 602 270 664). The termination is based on the entity’s failure to pay its debts as and when they were due, which placed it in material breach of […]
McLaren Racing attracts investment of £185m from MSP Sports Capital
McLaren Group has signed a deal to attract significant new long-term investment into McLaren Racing led by MSP Sports Capital, the US-based sports investment group, to help drive its plan to return to the top in Formula 1 and continue its growth as a global sports franchise. MSP is co-investing with its strategic partners UBS […]
FuboTV secures over $20m of financing from Credit Suisse
OTT platform FuboTV has entered into a Purchase Agreement with Credit Suisse Capital LLC to which fuboTV sold 2,162,163 shares of the Company’s common stock at a purchase price of $9.25 per share, for an aggregate purchase price of $20,000,007.75. To date in 2020, fuboTV has strengthened its balance sheet with over $46 million in […]
Covid-19 to cost clubs €4bn, says ECA
The European Club Association (ECA) has predicted that football clubs on the continent can expect to lose up to €4bn ($4.5bn) in revenue over the next year due to Covid-19. As per the analysis conducted by ECA on the financial footprint of the pandemic on European clubs, t ECA is predicting that €1.5bn in revenue […]